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Shoe Carnival Inc. Message Board

  • franksblinds franksblinds Mar 23, 2012 9:42 PM Flag

    Split/ 1 stock for dividend, what does that mean?

    "three-for-two stock split of the shares of the Company's common stock. The stock split will be effected by the payment of a stock dividend of one share on each two shares of common stock" Can someone actually expalin this, please. Sounds good until you look at it, if If have 2 shares, $30 each, do I now get 3 shares worth a total of $60. Does this effect the Cap value, more shares? Is this a sneaky way of providing a secondary offering, or are you actually getting another $30 stock. How will this effect the stock price until April 13th. If it pushes the stock up, why would not the bigger players sell heavy before April 13th, drop the price, and repurchase more with the same amount of money at lower prices while we are holding the bag.

    Thanks.

 
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