May 27, 2010 (FinancialWire) – Discount retailer Dollar Tree, Inc. (NASDAQ: DLTR) said that its board of directors has approved a three-for-two stock split in the form of a 50% common stock dividend. The new shares will be distributed on June 24 for shareholders of record as of the close of business on June 10.

With the stock split, the number of outstanding shares of the company’s common stock will increase from around 85 million shares, pre-split, to around 127 million shares, post-split.

Virginia-based Dollar Tree is a single-price- point retailer that operated 3,874 stores in 48 states as of May 1.

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