I checked the FAQ and didn't see an answer to this one. I am new to investing and bought CSCO at 116 11/16. Shortly thereafter they announced a stock split. The news release said that anyone who owned stock as of 2/22 would recieve the split and they would distribute those shares on 3/23. After reading the FAQ and some of the other message boards, I realize that this is not true. For example, if someone were to buy CSCO on 3/3, or any other date up through 3/23, they would still recieve the split as those who had shares prior to 2/22. So why is it marketed to sound like there is a difference between when the split is anounced and when it actually splits?
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