Sezzle (SEZL) said Monday its board declared a six-for-one split of its common shares via a stock dividend.

Shareholders of record as of March 21 will receive five additional shares for each share held, with distribution set for March 28, the company said.

Trading on a split-adjusted basis is expected to begin on March 31.

Additionally, the board authorized a share repurchase program of up to $50 million, with no fixed expiration, Sezzle said.

The company's shares were rising past 10% in after-hours activity.