2/1, 10:45 PM (Source: TeleTrader)
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Alphabet announces 20-for-one stock split

Alphabet Inc. revealed on Tuesday its board of directors authorized and declared a 20-for-one stock split "in the form of a one-time special stock dividend on each share of the Company's Class A, Class B, and Class C stock."

The decision will now await stockholder approval, Google LLC's parent company explained.

If the move wins shareholder approval, each person holding company stock at the close of business on July 1, 2022, "will receive, after the close of business on July 15, 2022, a dividend of 19 additional shares of the same class of stock for every share held" as of July 1.

Baha Breaking News (BBN) / MS