Microsoft Issues 2-for-1 Stock Split
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Microsoft Corp. reported today a 2-for-1 stock split, which will double the amount of current shares to 2.4 billion.
Shareholders will receive one additional share for each stock held on February 6, 1998. The new shares will be sent to stockholders on or about February 20, 1998.
"We continue to hear from investors that they would like the stock price to be more accessible, and we hope this split will address that interest," said Gregory B. Maffei, Chief Financial Officer.
The company reports that since it went public on March 13, 1986, it has split its common shares of stock seven times.