United States Lime & Minerals Announces 5-For-1 Stock Split, Will Begin Trading On A Post-split Basis At The Market Open On Monday, July 15, 2024
Portfolio Pulse from Benzinga Newsdesk
United States Lime & Minerals, Inc. (NASDAQ:USLM) announced a 5-for-1 stock split, effective as a stock dividend after market close on July 12, 2024, for shareholders of record on June 21, 2024. The split aims to make USLM shares more affordable and narrow bid-ask prices. Post-split trading starts July 15, 2024, increasing outstanding shares from 5.7 million to 28.5 million.
May 06, 2024 | 8:22 pm
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United States Lime & Minerals, Inc. (USLM) will undergo a 5-for-1 stock split, aiming to make its stock more accessible and improve market liquidity. The split will increase total shares to 28.5 million.
Stock splits often lead to increased stock accessibility due to lower per-share prices, potentially attracting more investors and improving liquidity. The significant increase in the number of shares could also lead to more active trading and narrower bid-ask spreads, positively impacting USLM's stock in the short term.
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