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A split share corporation is a corporation that exists for a defined period of time to transform the risk and investment return (capital gains, dividends, and possibly also profits from the writing of covered options) of a basket of shares of conventional dividend-paying corporations into the risk and return of the two or more classes of publicly traded shares in the split share corporation.
The three types of corporate divisions are commonly known as spin-offs, split-offs and split-ups. The spin-off involves a distribution of property to shareholders without the surrender of any stock, which thus resembles a dividend. The split-off resembles a redemption because the shareholders have relinquished stock of the distributing corporation.
PPG Sets Final Exchange Ratio of 3.2562 for Split-off of Commodity Chemicals Business ... today announced that the final exchange ratio for its exchange offer for PPG common stock is set at ...
If you had 100 shares of XYZ Corp. at $1,000 per share the day before the split, you now have 200 shares of XYZ Corp. at $500 per share. Your investment is still worth $100,000. Stock Splits and ...
The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.
The stock is up 54% year to date in 2024 and up 1,580% over the past 10 years (as of this writing). This encouraged the company to declare a 10-for-1 stock split , which it completed in July.
Image source: Getty Images. Since consumer goods juggernaut Walmart started the party by completing a 3-for-1 split in late February, more than a dozen high-profile companies have followed in its ...
On December 28, 2011, Satellite Chemical became a publicly traded company on the Shenzhen Stock Exchange. [ 7 ] In 2014, Satellite Chemical started to install a new pressure swing adsorption (PSA) unit from Honeywell UOP to supply high-purity hydrogen to its integrated refining and petrochemicals complex in Pinghu City, Zhejiang Province, China.