There is no stock split. They pay a 3% stock dividend in the spring of every year. This has gone on for years. The cash dividend remains the same but each year you get it on more shares. My first year i had 100 shares, got 3 shares the following spring and bought 97 more for a total of 200. The next year i got 6 shares and bought 94 more for a total of 300. Over the years i have built a nice position in tr using this odd ball method of forced savings. Don't know how much longer this will last since the Gordon's control over 50% of the stock and he is about 89 and she is about 78.