Tuesday June 23, 2015

Netflix Announces A 7-for-1 Stock Split

Netflix's board of directors has approved a 7-for-1 stock split earlier today. The split will result in six additional shares for each outstanding share.

We've come a long way from Qwikster. Netflix's stock price has more than doubled since last December, and with prices of shares nearing $700 today it announced plans (PDF) for a 7-for-1 stock split. The price closed today at $681, and the Board of Directors approved a plan to distribute six additional shares for each one held as of the close of business on July 2nd.

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