AMZN Announces First Stock Split Since 1999
20-1 Stock Split Goes into Effect Today
June 6, 2022
Amazon (AMZN) has announced its first stock split since 1999, a move that will see shareholders receive 20 shares for each share they currently own.
The 20-1 stock split goes into effect today, June 6, 2022. Shares were worth approximately $2,785 at the time of the announcement.
In a statement, Amazon said that the stock split was "designed to make the stock more accessible to a broader range of investors."
The company also announced a 10 billion buyback, which will authorize the repurchase of up to 10 billion of its outstanding shares.
The stock split and the buyback are both positive signs for Amazon investors, as they indicate that the company is confident in its future growth prospects.
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