The Coca-Cola Company Board of Directors Recommends Two-for-One Stock Split
The Board of Directors of The Coca-Cola Company (NYSE: KO) today voted to recommend a two-for-one stock split to shareowners. The split would be the 11th in the stock's 92-year history and the first in 16 years.
Implementation of the stock split is subject to approval by shareowners of an increase in the number of authorized shares of the Company's common stock from 5.6 billion to 11.2 billion. These matters will be voted on at a special shareowners meeting anticipated to be held on July 10, 2012. If approved, the record date for the split is expected to be on or about July 27, 2012. Each shareowner of record on the close of business on the record date will receive one additional share of common stock for each share held. The new shares are expected to be distributed on or about Aug. 10, 2012.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.