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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 75.23-0.5%Jan 6 3:59 PM EST
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To: Robert W. Popejoy who wrote (32289)2/13/2000 9:13:00 PM
From: Gerald Walls   of 77400
 
I need a little help. Cisco announced the 2 for 1 split
on Feb 8 effective March 22.

When is the date of record to determine elgibility for the
split stock?

When you hold your shares in Street Name through a brokerage account you can ignore the Record Date. If you buy the stock anytime before the Ex-Dividend date you will get the additional shares.

The way I understand it, the Record Date only comes into play if you physically hold your shares. If you physically hold your shares and you sell them to someone between the record date and the ex-date, then the new split shares will be sent to you because you were the shareholder of record on the record date but you are legally obligated to send the new split shares to the person that you sold your shares to. When you hold your shares in street name at a brokerage account all of that takes place behind the scenes.
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