Tesla wants to split its stock so it can pay a stock dividend; shares gain


Tesla wants to split its stock so it can pay a stock dividend to shareholders, according to a filing Monday.

The Securities and Exchange Commission filing said the electric car maker will ask at its annual shareholders meeting “for an increase in the number of authorized shares of common stock … in order to enable a stock split of the Company’s common stock in the form of a stock dividend.”

A stock dividend is a dividend paid to shareholders in the form of additional company shares instead of cash. These dividends do not affect the value of a company, but they dilute its share price.

In other words, if there is a 6-for-1 split, investors will get a stock dividend of five shares for every…


0 0 votes
Article Rating

Game-changing hydrogen could play a big role in the energy transition

Previous article

Putin should think before asking for energy payments in rubles

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Autos