Indmoney

GameStop Stock Split: 4-for-1 Dividend Announced

Effective July 6, 2022

GRAPEVINE, Texas--(BUSINESS WIRE)--Jul. 6, 2022--GameStop Corp. (NYSE: GME) today announced a four-for-one stock split in the form of a stock dividend, effective as of July 21, 2022. The stock split was approved by the company's Board of Directors on March 31, 2022.

The stock split is intended to make GameStop's shares more accessible to a broader range of investors. The company believes that a lower share price will make it more attractive to retail investors and increase the liquidity of its stock.

The stock split will be effected through a dividend distribution. Each GameStop shareholder of record as of the close of business on July 14, 2022 will receive three additional shares of GameStop common stock for each share they own. The new shares will be distributed on July 21, 2022.

The stock split is expected to have no impact on the total value of GameStop's outstanding shares. However, it is expected to increase the number of shares outstanding and the liquidity of the stock.

Bloomberg