StoneX announces three-for-two split of its common stock
StoneX Group Inc. (NASDAQ:SNEX), the owner of Forex brands such as FOREX.com and City Index, announces that its Board of Directors has approved a three-for-two split of its common stock to make stock ownership more accessible to employees and investors.
The stock split will be effected as a stock dividend entitling each stockholder of record to receive one additional share of common stock for every two shares owned.
Additional shares issued as a result of the stock dividend will be distributed after close of trading on November 24, 2023, to stockholders of record at the close of business on November 17, 2023.
Cash will be distributed in lieu of fractional shares based on the opening price of a share of common stock on November 20, 2023. Trading will begin on a stock split-adjusted basis on November 27, 2023.