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In addition to its quarterly dividend announcement, Nike (NKE) announces a two-for-one split of...

In addition to its quarterly dividend announcement, Nike (NKE) announces a two-for-one split of both its Class A and Class B Common shares. The split will be in the form of a 100% stock dividend payable on December 24, to shareholders of record at the close of business December 10. Upon completion, the outstanding shares of Nike Class A and Class B common stock will increase to approximately 178M and 720M, respectively. The company expects its common stock to begin trading at the split-adjusted price on December 26. Shares +1.3% AH.
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Comments (2)
  • chopchop0
    , contributor
    Comments (4214) | Send Message
     
    Never understood why a split would make a stock pop.
    15 Nov 2012, 08:58 PM Reply Like
  • ChanelS
    , contributor
    Comments (35) | Send Message
     
    i actually know people who do not buy a certain stock because price is too high. makes no sense i know
    15 Nov 2012, 09:28 PM Reply Like
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