Nasdaq Announces 3-For-1 Stock Split and Quarterly Dividend of $0.20 Per Share
- Nasdaq announced on
April 20, 2022that its Board approved pursuing a three-for-one stock split in the form of a stock dividend, subject to the approval by both its shareholders and the Securities and Exchange Commission(“SEC”) of the adoption of an amendment to the company’s Amended and Restated Certificate of Incorporation to increase Nasdaq’s authorized shares of common stock.
- In June, Nasdaq’s shareholders, and the
SEC, approved the proposed amendment to increase the authorized shares of common stock in order to effect the stock split in the form of a stock dividend.
- The Board declared a 3-for-1 stock split in the form of a stock dividend, entitling each shareholder of record to receive two additional shares of common stock for every one share owned.
- The record date for the stock dividend is
August 12, 2022, with a distribution date for the new shares of August 26, 2022. Trading will begin on a split-adjusted basis on August 29, 2022.
- The Board has declared a regular quarterly dividend of
$0.20per share on the company's outstanding common stock. On a split-adjusted basis, the dividend is economically equivalent to the pre-split quarterly dividend of $0.60per share paid in the preceding quarter.
- The dividend is payable on
September 30, 2022, to shareholders of record at the close of business on September 16, 2022.
- Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors.
Cautionary Note Regarding Forward-Looking Statements
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, statements about the stock split. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These factors include, but are not limited to, Nasdaq’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, geopolitical instability arising from the Russian invasion of
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