As I am sitting here listing to the Research in Motion investors call, my news reader pulled down a tidbit from Forbes.com. RIM’s board has approved a 3 for 1 stock split of its common stock which will be carried out as a dividend with shareholders getting two shares for each share that they own.
The split will take place on August 17th with the dividend being payable on August 20th, i.e., investors who own stock on 17th will receive 2 shares for every share of RIMM they own.
[…] in Motion today completed it’s 3-for1 stock split that it announced almost two months ago. At market close today RIM’s stock (RIMM) was up just […]