Well, possibly. I know, I know, when a stock splits two to one, I get twice as many shares for half the price. Net worth is the same. KO pays a dividend, and after the split that is also halved to keep the dividend from doubling.
Still it makes me giddy - not necessarily right away, but afterward because a year or two later, when the dividend rises by a penny, it for all intents and purposes rises by two pennies. I have enough that when I reinvest I buy an additional share, after the split I buy two. (the dividend amount stays the same, but if the share price drops I buy twice as much)
I remember about 8-9 years ago when I would dutifully put in $50 into KO, and when it was in the low to mid 40s, I would buy at least one. Now its at around 75$, and I look forward after the split (75/2) to perhaps buy a little bit more.
Much better for the waistline if I buy a Coke share rather than a Coke.
KO is splitting
April 27th, 2012 at 04:20 am
May 2nd, 2012 at 03:00 am 1335927622
May 4th, 2012 at 05:25 pm 1336152350