Message Font: Serif | Sans-Serif
No. of Recommendations: 2
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?
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.