One maneuver that is specifically prohibited is declaring a stock dividend in which all shareholders get Class A shares -- the kind you and I can buy -- in addition to their existing shares.
However, Oracle orcl became the latest big-name technology company to declare a stock split.
Meanwhile, online brokerages continued to power ahead, led by E*Trade and Ameritrade Holding Co.. Oracle saw its share rise sharply after declaring a stock split.
But online brokerages continued to power ahead, led by E*Trade and Ameritrade Holding Co.. Ameritrade announced a two-for-one stock split, effective after the close of trading on Feb. 22 for shareholders of record on Feb. 5. Oracle also saw its share rise sharply after declaring a stock split.
The board of Aeroflex in Plainview (Nasdaq: ARXX) declared a 25percentt stock dividend in the form of a stock split.
To fight back and gain more market share, iShares has cut the fee on IAU and declared a high stock (split 10 1) dividend.
In stocks, Affiliated Managers shares were up almost 2% after the asset manager declared a 3-for-2 stock split.
The Exxon Mobil Corporation said yesterday that its board declared a two-for-one stock split and an additional cash dividend of 2 cents a share after the company posted a record profit.
The company also declared a two-for-one stock split.
