The PFE Split: All you need to know
-At the 4/22/99 Annual Meeting, shareholders will officially authorize increasing the number of outstanding shares to allow a 3-1 split.
-In the afternoon of 4/22/99, the PFE Board of Directors will meet and formally approve the 3-1 split and determine its effective date.
-The effective split date will probably be following the June 30, 1999 close..(based on the 1997 split which also became effective after the 1997 Annual Meeting.)
-A split does not increase the value of PFE. However, historically it certainly has not hurt the PFE price . Note PFE's growth during the split years:
Year Ending..... Dow ........PFE......% Chg .
Date................ Index.......Price.....Prior Year....Comments
12/31/87...........1,896........5.82......-25.0%....... Bear market/market crash
12/30/88...........2,169........7.25.......24.7%
12/29/89........... 2,753.......8.69......19.9%
12/31/90............2,634.......10.10.....16.2%
12/31/91............3,168.......21.00.......108.0%.....2-1 split (2/91)
12/31/92.......... 3,301.......18.13......-13.7%......Clinton elected president
12/31/93......... ..3,754........17.25.......-4.8%.......Healthcare reform pending
12/30/94......... ..3,844........19.32.......12.0%
12/29/95............5,177........31.50.......63.1% ......2-1 split (6/95)
12/30/96............6,448........41.50.......31.7%
12/31/97............7,908........74.56.......79.7% ......2-1 split (6/30/97)
12/31/98......... ..9,181........125.00......67.6%......Viagra approved (3/27/98)
04/12/99............10,340......150.13......20.1%.....Celebrex launched (1/19/99)
Have PFun!
BigKNY3
PS Mr. Peabody celebrating a new PFE High
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