Read Financial Statement Analysis Case 2: Wiebold in the end of chapter materials in the e Text. Answer questions a) b) & c) listed under Instructions.
The following note related to stockholders' equity was reported inWiebold, Inc.'s annual report.
On February 1, the Board of Directors declared a 3-for-2 stock split, distributed on February 22 to shareholders of record on February 10. Accordingly, all numbers of common shares, except unissued shares and treasury shares, and all per share data have been restated to reflect this stock split.
On the basis of amounts declared and paid, the annualized quarterly dividends per share were $0.80 in the current year and $0.75 in the prior year.
d) Why is it beneficial for companies to do stock splits to lower the price per share?
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