Williams-Sonoma Stock Split: Mark Your Calendars for June 27


  • Williams-Sonoma (WSM) is preparing for a stock split next month.
  • That will see it pay a dividend of one share to investors on record as of June 27.
  • Following that, the company will pay a quarterly cash dividend in August.
Williams-Sonoma Stock Split - Williams-Sonoma Stock Split: Mark Your Calendars for June 27

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Williams-Sonoma (NYSE:WSM) stock is a hot topic on Thursday after the home products retailer announced a stock split coming next month.

According to the company, this stock split will result in it splitting each share of WSM stock into two shares. This will happen through a stock dividend that will see investors in Williams-Sonoma get one extra share for each one that they own.

Williams-Sonoma says that shareholders have to be on record as of June 27 to be eligible for the stock split. That will see them get the extra stock via the dividend when markets close on July 8.

Following that, shares of WSM stock will start trading on a split-adjusted basis on July 9. The company also notes that the stock split won’t affect voting and other rights of shareholders.

Williams-Sonoma is enacting this stock split to attract new investors. That includes making it easier for its employees to invest in WSM shares.

Williams-Sonoma Stock Split Dividend

Alongside the stock split dividend, the company also announced a quarterly cash dividend payable on Aug. 23. Shareholders on record as of July 19 will receive 57 cents per share. This is adjusted for the stock split compared to the company’s prior quarterly dividend of $1.14 per share.

WSM stock is up 2.6% as of Thursday morning.

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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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