Meta Platforms and SanDisk Announce First-Ever Stock Splits
- 1Meta Platforms announced the creation of a new class of shares in its quarterly report on October 21.
- 2Current Class A shareholders will receive a 1-for-1 dividend of Class C (non-voting) shares effective January 19.
- 3The SanDisk board of directors has approved an 8-for-1 forward stock split.
So what's the key point?
Meta Platforms is creating a new type of stock, and SanDisk is splitting its existing stock into eight parts. Shareholders will receive new shares or split shares on the specified dates.
Source The Motley Fool +1 · View original ↗
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