Walmart Inc. recently revealed plans for a three-for-one stock split. This decision is part of the company's continuous evaluation of most beneficial trading and spread levels. It is also driven by the company's aim to ensure its associates find share purchasing easily affordable.
As a result of the stock split, the company anticipates an increase in its current total of approximately 2.7 billion outstanding shares of common stock to about 8.1 billion shares.
Walmart outlined that for each share owned, shareholders would receive a distribution of two additional shares of common stock. These extra shares will be distributed after the market closes on February 23, and will only be given to shareholders listed as of the day prior. The trading of Walmart's stock on a post-split basis will commence from February 26.
