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Q: Can there be 1.5 : 1 stock splits, or do the stock splits have to be integers? ( Answered 5 out of 5 stars,   0 Comments )
Subject: 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
Posted: 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.
Subject: 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
Rated:5 out of 5 stars
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"

"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
[Note: This file may load slowly -- but it should eventually load.]

- justaskscott

Search strategy:

Search on Google for combinations of these terms:

"stock split"
"3 for 2"
billbauer-ga rated this answer:5 out of 5 stars
Thanks for your help!

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