Quote:
Originally Posted by GregWeld
Coca-Cola (NYSE:KO) wants to do something it hasn’t done in years — offer a stock split.
The company’s board of directors voted to recommend a 2-for-1 split this morning. If approved by shareholders, it would be the 11th stock split in Coke’s near-century as a publicly traded company, and the first in 16 years.
Under the plan, which shareholders will vote on July 10, the number of outstanding shares of the beverage and snack food maker would double from 5.6 billion to 11.2 billion in August — the number of outstanding shares will go from roughly 2.26 billion to 4.52 billion.
KO shares have gained about 7% this year — including a roughly 1% boost Wednesday — and currently trade around $75.
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from that article sounds like they voted to recommend it this morning. In july the shareholder will vote yes or no on splitting.
One thing I'm wondering is since they split the shares, does the dividend also get cut in half also? Only got 82 shares would be nice to have 164 shares.
Got like the compunding dividend.
I read this in another article
"If the latest proposed split is approved, the company noted that a single share purchased in 1919 for $40 would be worth more than 9,000 shares and $341,545. If dividends were reinvested annually, the share would be worth $9.8 million.