Dick's announces two-for-one stock split

PITTSBURGH Dick's Sporting Goods today announced that its board of directors has approved a two-for-one stock split, in the form of a stock dividend, of the company's common shares.

The split will be effected by issuing record holders an additional share of common stock for every share of common stock held, and an additional share of Class B common stock for every share of Class B common stock held on the record date of September 28, 2007. Dick's expects the additional shares to be distributed on or about October 19, 2007.

"Our decision further demonstrates the confidence of our board of directors and management in both the strong fundamentals and growth potential of our business," said Edward W. Stack, chairman and ceo.