NextEra Energy to Split Stock, Raises Guidance Through 2023
With shares of NextEra Energy (NYSE: NEE) zooming in recent weeks to touch all-time highs in early September, the company is doing what hot stocks Apple and Tesla recently did: go for a stock split.
NextEra Energy's board of directors has approved a 4-for-1 stock split in a bid to "make stock ownership more accessible to a broader base of investors." With a stock split lowering the absolute price of each share, more investors could find the stock affordable.
With NextEra fixing the record date as Oct. 19, 2020, a 4-for-1 stock split would mean you'll get 3 additional shares for each share you own on the record date. So if you hold 50 shares on Oct. 19, you'll own 200 shares once they're distributed to shareholder accounts on Oct. 26.
Source Fool.com
