This is maddening. Someone please correct me if I'm wrong, but a stock split is the same thing as a dividend in the form of stock. There is no material difference between a "stock split" and a "dividend in the form of stock". Both dilute ownership.
Here are two other company announcements of "stock splits" In each case they refer to the split as a dividend. Both stories came from Business Wire, if you want to look them up yourself.
How can any one reasonably believe that the number of shares in a company can quadruple without reducing the value of each share proportionally?!?
Staples Inc. Announces Proposed 3-For-2 Stock Split
BusinessWire, Thursday, November 12, 1998 at 16:35
WESTBOROUGH, Mass.--(BUSINESS WIRE)--Nov. 12, 1998--
Split Will Be Second Within A Year For Company.....
Staples Inc. (NASDAQ:SPLS) today announced that its Board of Directors has declared a 3-for-2 split of its common stock in the form of a 50 percent stock dividend,
CMGI Declares Two-For-One Stock Split
BusinessWire, Thursday, December 17, 1998 at 09:05
ANDOVER, Mass.--(BUSINESS WIRE)--Dec. 17, 1998--CMGI, Inc.
(NASDAQ:CMGI) today announced that the company's Board of Directors has declared a two-for-one common stock split. The two-for-one stock split will be effected in the form of a 100 percent stock dividend. |
