Coca-Cola Approves Two-for-One Stock Split

July 11, 2012
Eleventh split in stock's 92-year history.

The shareowners of The Coca-Cola Co., Atlanta, on July 10 approved a two-for-one stock split and an increase from 5.6 billion to 11.2 billion in the number of authorized shares of the company's common stock.

The record date for the stock split is expected to be July 27, with new shares expected to be distributed on or about Aug. 10. Each shareowner of record on the close of business on the record date will receive one additional share of common stock for each share held.

The split is the 11th in the stock's 92-year history and the first in 16 years. With all dividends reinvested annually, one share of common stock purchased for $40 in 1919 would be worth approximately $10.3 million today, the company said.

Sponsored Recommendations

Learn About: Micro Motion™ 4700 Config I/O Coriolis Transmitter

An Advanced Transmitter that Expands Connectivity

Micro Motion™ G-Series Coriolis Flow and Density Meter

Micro Motion G-Series: market-leading compact design featuring advanced process diagnostic capability.

Embracing Sustainability using Advanced Measurement Instrumentation

A practical guide to greeningyour brewing operationsusing advanced measurementinstrumentation.

Get Hands-On Training in Emerson's Interactive Plant Environment

Enhance the training experience and increase retention by training hands-on in Emerson's Interactive Plant Environment. Build skills here so you have them where and when it matters...