Can there be 1.5 : 1 stock splits, or do the stock splits have to be integers?
Category: Business and Money > Finance
Asked by: billbauer-ga
List Price: $21.00
25 Aug 2005 08:20 PDT
Expires: 24 Sep 2005 08:20 PDT
Question ID: 560286
1. Did Boeing have a 1.5:1 stock split in a) mid 1985, b) mid 1989, c) mid 1990? d) Did Kmart have a 1.5:1 stock split around May 1987 [give or take a month]? I am looking at the charts, and I see the price falling by a factor of 1.5 at the times above, and I would like to know if this was because there was a stock split. 2) If there can be no stock 1.5:1 stock splits, that would answer all parts of question 1 above.
Re: Can there be 1.5 : 1 stock splits, or do the stock splits have to be integers?
Answered By: justaskscott-ga on 25 Aug 2005 09:09 PDT
Hello billbauer, A 3:2 stock split has the same effect as the 1.5:1 split that you perceived. And indeed, three-for-two splits occurred at the times you stated for these companies. Boeing had 3-for-2 splits in mid-1985, mid-1989, and mid-1990, while Kmart had a 3-for-2 split in mid-1987. "Stock Split and Stock Dividend History" Boeing http://www.boeing.com/companyoffices/financial/split.html "Kmart Corp.," by Marc H. Gerstein (Value Line Publishing Inc., Feb. 19, 1999)[Internet Archive cache from Oct. 24, 2004] [under "Legends" near top left of page: "3-for-2 split 6/87"] Millennium Investment Club http://web.archive.org/web/20041024133513/http://www.doubleand.tv/millenium/.vl/pdf/f5019.pdf [Note: This file may load slowly -- but it should eventually load.] - justaskscott Search strategy: Search on Google for combinations of these terms: boeing kmart history "stock split" "3 for 2" 1985 1987
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Thanks for your help!
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