Bought Amazon Stock? You'll Have More Shares After the Stock Split
Amazon's (NASDAQ: AMZN) 20-for-1 stock split is rapidly approaching. Shareholders approved the stock split at the annual shareholders meeting on May 25, which means the much-anticipated split will take place on June 3. All shareholders will receive 19 additional shares for every share of Amazon stock they own.
If stock splits sound confusing, keep reading to see how Amazon's 20-for-1 stock split will impact your portfolio. This overview will give you a rundown on stock splits, because Amazon isn't the only stock splitting this year, and it won't be the last.
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Source Fool.com
