Blyth Inc. is undergoing a two-for-one stock split, payable June 15 to holder of record on June 1.
Through PartyLite, ViSalus and other brands, Greenwich-based Blyth sells household goods and nutritional supplements through home-based agents as well as over the Internet and through catalogs. Thanks to strong results from ViSalus, in which Blyth purchased a majority stake in 2011, sales rose 56 percent from a year earlier to $283 million and Blyth booked a $7.5 million profit.
Blyth shares (NYSE: BTH) opened the year trading at about $57, and touched $90 in late April before tailing back off. The issue was up 3 percent after Thursday”™s opening bell, to above $76.
“This action ”¦ is intended to make Blyth”™s shares more accessible, as well as increase our shareholder base and market liquidity,” said Blyth CEO Robert Goergen, in a written statement.
