Stock Split

UPDATE: Wabtec Shareholders Approve Proposals At Annual Meeting; Company Announces 2-For-1 Stock Split, 60% Dividend Increase $0.04 per Share

Paul Quintaro — Tue, 14 May 2013 20:17:30 +0000

Shareholders of Wabtec Corporation (NYSE: WAB) today approved the company's proposals at its annual meeting, and the company's Board of Directors approved a two-for-one stock split and a 60 percent dividend increase. The stock split will be in the form of a 100 percent stock dividend, to be paid June 11, 2013 to shareholders of record June 3, 2013. Shareholders will receive one additional share of Wabtec common stock for each share they own on the record date. The company expects its common stock to begin trading at the split-adjusted price on June 12, 2013. The board also increased Wabtec's quarterly, split-adjusted dividend by 60 percent, to 4 ...

Pacific Ethanol, Inc. Announces Effectiveness of One-for-Fifteen Reverse Stock Split

Paul Quintaro — Mon, 13 May 2013 20:09:28 +0000

Pacific Ethanol (Nasdaq: PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States, announced today that it has filed an amendment to its Certificate of Incorporation to effect a one-for-fifteen reverse stock split of its issued and outstanding shares of common stock. The reverse stock split will be effective as to stockholders of record at 12:01 a.m. Eastern Time on Tuesday, May 14, 2013. Trading of the Company's common stock on a split-adjusted basis is expected to begin at the open of trading on May 14, 2013.

As a result of the reverse stock split, every fifteen shares of pre-split common stock will automatically be reclassified as and converted into one share of post-split common stock. The reverse stock split, which was approved by the Company's stockholders on May 10, 2013, will reduce the number of shares of the Company's outstanding common stock from approximately 162.9 million shares to approximately 10.9 million shares. Any fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share.

The Company's common stock will continue to trade on The NASDAQ Capital Market under the symbol "PEIX," with the fifth character "D" added to the end of the trading symbol, beginning on Tuesday, May 14, 2013, for a period of 20 trading days to indicate ...

Six Flags Announces Two-For-One Stock Split and Quarterly Cash Dividend

Eddie Staley — Wed, 08 May 2013 20:03:05 +0000

Six Flags Entertainment Corporation (NYSE: SIX) announced today that its board of directors approved a two-for-one split of the company's common stock to be issued in the form of a stock dividend. On June 26, 2013, shareholders of record as of June 12, 2013 will receive one share of ...

Stocks To Watch For May 8, 2013

Monica Gerson — Wed, 08 May 2013 08:48:53 +0000

Some of the stocks that may grab investor focus today are:

Wall Street expects AOL (NYSE: AOL) to report its Q1 earnings at $0.35 per share on revenue of $537.15 million. AOL shares gained 1.05% to close at $41.42 yesterday.

Whole Foods Market (NASDAQ: WFM) reported upbeat second-quarter results and announced a 2-for-1 stock split. Whole Foods shares jumped 8.19% to $100.40 in the after-hours trading session.

Analysts are expecting Wendy's ...

Global X to Reverse Split 3 Gold Miners ETFs, 3 Others

ETF Professor — Fri, 03 May 2013 12:32:07 +0000

Global X, the New York-based ETF sponsor known for its unique lineup of commodities and emerging markets funds, announced six of its ETFs will be reverse split, including three gold mining-related funds.

The $29.4 million Global X Gold Explorers ETF (NYSE: GLDX) will undergo a 1-for-4 reverse split while the $2.78 million Global X Junior Miners ETF (NYSE: JUNR) will see a 1-for-3 reverse split. The Global X Pure Gold Miners ETF (NYSE: GGGG) will experience a 1-for-2 reverse split. All of those ETFs are down more than 30 percent this year with ...