Chipotle Mexican Grill Board Of Directors Approves 50-For-1 Split Of Its Common Stock
Portfolio Pulse from Benzinga Newsdesk
Chipotle Mexican Grill's Board of Directors has approved a 50-for-1 stock split, pending shareholder approval. If approved, shareholders as of June 18, 2024, will receive 49 additional shares for each share held, with distribution after market close on June 25, 2024. Trading on a post-split basis is expected to begin on June 26, 2024.
March 19, 2024 | 9:46 pm
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Chipotle Mexican Grill's Board of Directors has approved a 50-for-1 stock split, pending shareholder approval. If approved, shareholders as of June 18, 2024, will receive 49 additional shares for each share held, with distribution after market close on June 25, 2024. Trading on a post-split basis is expected to begin on June 26, 2024.
Stock splits often lead to increased investor interest and can make shares more accessible to a broader range of investors due to the reduced price per share. This can potentially lead to a short-term increase in stock price due to heightened demand. However, the actual impact will depend on market conditions and investor perception at the time of the split.
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