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Technology Stocks : Google
GOOGL 542.69+0.9%5:20 PM EDTNews

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To: Sr K who wrote (13285)4/12/2012 4:32:28 PM
From: Glenn PetersenRead Replies (2) of 14040
 
UPDATE: Here’s the skinny on the divvy. It’s not a cash dividend. It’s a 2-for-1 stock split that’s going to result in the creation of a new class of non-voting stock. This is from the company itself via this year’s founders’ letter:

Today we announced plans to create a new class of non-voting capital stock, which will be listed on NASDAQ. These shares will be distributed via a stock dividend to all existing stockholders: the owner of each existing share will receive one new share of the non-voting stock, giving investors twice the number of shares they had before. It’s effectively a two-for-one stock split—something many of our investors have long asked us for. These non-voting shares will be available for corporate uses, like equity-based employee compensation, that might otherwise dilute our governance structure.


blogs.wsj.com
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