What Do I Have & What Will I Get?
I own 1000 shares of IBM stock that pays $0.88, or about .5% dividend annually. I heard it may split 2 for 1.
If it splits 2-for-1, how many shares will I have and what will the new dividend be?
My sister told me that I the number of new shares will be 1000. My brother told me I would have 2,000. My stock broker told me I would have 500 shares. Should I get a new broker — and a new sister?
Each said the new dividend will be $1.76 $0.44, $0.88. I don’t know whom to believe.
Is it good for a stock to split? Should I hold or sell after the split?