Sandisk Stock Split: 8-for-1 Effective 19 November,…
By Tobi Opeyemi Amure
AI summary of the source article
Sandisk announced an eight-for-one forward stock split alongside its fiscal first-quarter earnings. The split is effective after market close on 19 November, with split-adjusted trading scheduled to begin on 20 November.
Why it matters
The company stated the stock split is intended “to make the stock more accessible, including to employees” through its employee stock purchase plan.
Key facts
- Shareholders of record as of 9 November will receive seven additional shares for each share held.
- First-quarter revenue reached $11.03 billion, up 378% year-over-year, alongside $5.0 billion in share buybacks.
- Fiscal second-quarter revenue guidance was set at $12.2 billion to $12.6 billion with pre-split non-GAAP earnings of $55.00 to $57.00 per share.
Source excerpt · FinanceFeeds
Sandisk announced an eight-for-one forward stock split alongside its fiscal first-quarter results on 29 October, with shares distributed after the close on 19 November and split-adjusted trading expected from the open on 20 November. Sandisk said holders of record at the close of business on 9 November receive seven additional shares for each share held. The company stated its reason for the move…