DaVita Stock Split Brought Forward
DaVita HealthCare Partners investors will hold double the number of shares in the company sooner than previously anticipated. The company announced that it has brought forward the date of its upcoming 2-for-1 stock split. The distribution of the new shares is now expected to be Sept. 6, with the stock trading post-split on Sept. 9, the following business day.
The company's stockholders will receive one additional share for each share they possess. The amount of outstanding stock will roughly double, from the current 106.2 million shares to around 212.5 million.
DaVita announced the split earlier this month. At first, the split was expected to occur on Sept. 20; the originally announced record date of Aug. 23 remains unchanged, however.
DaVita stock most recently closed at $110.36 per share.
The article DaVita Stock Split Brought Forward originally appeared on Fool.com.Fool contributor Eric Volkman has no position in DaVita HealthCare Partners. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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