Thu, Dec 25, 2014, 7:25 PM EST - U.S. Markets closed for Christmas

Recent

% | $
Quotes you view appear here for quick access.

Duke Energy Corporation Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • wareham2620 wareham2620 Aug 24, 2011 10:12 AM Flag

    1:3 split

    What does the reverse stock split mean for the dividend?
    It would work in much the same way as for the number of shares of stock. After a 1:3 reverse stock split, you would own one-third as many shares, but we expect the quarterly dividend per share would triple. This assumes Duke’s board maintains the dividend at its current level and adjusts it for the reverse stock split. In that case, the monetary value of your total dividend would not change.

    For example

    The table below provides an illustrative example of the effect of a 1:3 reverse stock split, based on the assumptions described above.

    Illustrative Example Number
    of shares owned Price
    per share Quarterly dividend
    earned per share Total value
    of your holdings
    Before a reverse stock split 300 $18 24.5 cents $5,400 value of shares
    $73.50 quarterly dividend
    Immediately after a reverse stock split 100 $54 73.5 cents $5,400 value of shares
    $73.50 quarterly dividend

    Notes:

    •The reverse stock split would become effective if, and at the time, the merger is completed, at a ratio of 1:3, to be determined by Duke’s board of directors after consultation with Progress Energy.
    •The example presented in the table assumes for the reasons we have described that the reverse stock split does not change the company’s total market valuation and that Duke’s board of directors adjusts Duke’s current quarterly dividend

 
DUK
84.97+1.29(+1.54%)Dec 24 1:02 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Yahoo! Inc.
NASDAQWed, Dec 24, 2014 1:00 PM EST
Virgin America Inc.
NASDAQWed, Dec 24, 2014 1:00 PM EST