7/6, 10:54 PM (Source: TeleTrader)
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Chart for: GameStop Corp

GameStop approves four-for-one stock split

American company GameStop Corp. said on Wednesday its board of directors approved a four-for-one split of its class A common stock in the form of a stock dividend, with the decision taking effect from July 22.

"Company stockholders of record at the close of business on July 18, 2022, will receive a dividend of three additional shares of the Company's Class A common stock for each then-held share of Class A common stock. The stock dividend will be distributed after the close of trading on July 21, 2022. Trading will begin on a stock split-adjusted basis on July 22, 2022," the company wrote on its website.

The company's shares rose 5.97% in the after-hours trading following the latest announcement.

Baha Breaking News (BBN) / MM