Who Is Eligible For Apples Upcoming Stock Split?
by Wes George Apple is preparing to split the company’s stock two for one. AAPL will begin trading at the split adjusted price on the morning of June 21. The company says it will issue each “shareholder of record on May 19, 2000 one additional share for every outstanding share held on the record date…” The official announcement sounds as if you must purchase your shares of AAPL before May 19th to get in on the stock split. Not so. The wording is a legal invention from the slower days when investors actual held paper stock certificates in their wall safes. Eric Yang eloquently explains in detail at appleinvestors.com why buying shares of AAPL anytime before June 21 will allow you to participate in the stock split: In short, when a transaction occurs between the record date and the distribution date, a “due bill” is attached to the transaction. So, in theory, new shares goes to the seller who happens to be the shareholder of record, but those shares are immediately transferred to the b
