Alphabet (Google) shareholders approve 20-for-1 stock split, great opportunity for small investors.
On July 15, stockholders will receive 19 extra shares of Alphabet stock for every one share they possess, according to Nasdaq.
After the stock split, those who own 10 shares will receive 190 extra shares.
An investor owns one share of Alphabet stock, now trading near $2,290.
They'll have 20 shares worth about $114.5 each after the split.
The stock is currently trading at just 20 times earnings, its lowest price since 2012.
The business also launched a new stock buyback programme, ambitions to buy back up to $70 billion of its own stock.
The business also launched a new stock buyback programme, ambitions to buy back up to $70 billion of its own stock.
The business also launched a new stock buyback programme, ambitions to buy back up to $70 billion of its own stock.
Investors reacted positively to the news of the Google stock split, with Alphabet Class A shares rising more than 7.5% in one day.
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