It is now official..... 2 x 1 split, due July 1st. 1999.
Schwab Announces Increase in Authorized Common Stock and Confirms Stock Split
PR Newswire, Tuesday, May 18, 1999 at 09:02
SAN FRANCISCO, May 18 /PRNewswire/ -- The Charles Schwab Corporation (NYSE:SCH) announced that its stockholders have approved an amendment to its Certificate of Incorporation increasing the Company's authorized common stock from 500 million to 2 billion shares.
As a result of this approval, the Company will proceed with the two-for-one stock split announced on April 22. The stock split will be effected in the form of a 100% stock dividend, payable July 1, 1999 to stockholders of record June 1, 1999. This is the Company's seventh stock split since becoming a public company in 1987.
The Charles Schwab Corporation, through its principal operating subsidiary, Charles Schwab & Co., Inc. (member SIPC/NYSE), is one of the nation's largest financial services firms, serving 6.1 million active accounts with $564 billion in customer assets through 302 branch offices, four regional customer telephone service centers and automated telephonic and online channels.
SOURCE Charles Schwab Corporation
-0- 05/18/99
/CONTACT: media, Tracey Gordon, 415-636-5454, or investors/analysts, Rich Fowler, 415-636-9869, both of Charles Schwab Corporation/
/Company News On-Call: prnewswire.com or fax, 800-758-5804, ext. 154881/
|
