The Board of Directors at Coca-Cola
) has voted in favor of a 2-for-1 stock split. If it is approved by shareholders at a meeting on July 10, then the stock split would happen on August 10. It would be the 11th split in the stock's history and the first in 16 years. Given that I own 30 shares of KO, after the stock split I would own 60 shares.
What's your thoughts on KO? I just wrote an article about three stocks that I think are super quality DG stocks, but unfortunately trading at high multiples. KO was on that list along with CL.
I'd love to own more KO, as my paltry 20 share position is a fraction of what I'd like it to be but it's just so stinkin' expensive right now. I'd especially like to double or triple it before a split occurs.
Hi Dividend Mantra,Delete
I think it's a great, high-quality company and I'd like to own more shares of it. However, like you mentioned, it is trading at a bit of a premium right now. I plan to wait until the stock has a more favorable valuation before adding to my position, although I may have to wait a while. :(
While I really don't care about stock splits, it might be an advantage if I wanted to write covered calls. I currently do not own enough KO shares to write a call, but with a split I'd be closer.ReplyDelete
Hi Compounding Income,Delete
I also don't care much about stock splits, but they do make it easier for me to maintain my habit of buying shares in multiples of 5. :)
Do you prefer Pepsi or Coca-Cola?ReplyDelete
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