Back to splits. The reader noted that Kroger has just announced a split and raised its dividend AND a $500-million buyback plan:
Kroger Co. said Thursday it is raising its quarterly dividend, launching a 2-for-1 stock split and initiating a $500 million stock-buyback program as the grocery chain has reported stronger results in recent quarters.
All Kroger shareholders as of July 6 will receive one additional common share for each share they hold around July 6. This split, the fifth in Kroger’s history, will increase the number of shares outstanding to 962 million from 481 million.Again, for those who might have missed the first part, this is not an investment site. Do not make any investment or financial decisions based on anything you read here or think you may have read here. By the way, for the record, I have never held any shares in Netflix, Disney, or Kroger. I honestly can't recall if I bought Apple in the last year. I know I bought something expensive and faddish this past year and it might have been Apple. In fact, I think I did one day when it pulled back. If I did, I was really, really late to the game. But I know I have never bought Disney, Netflix, or Kroger. And don't plan to. (Obviously, I probably hold all these stocks indirectly in my various IRAs, pension, mutual funds, etc.)
As I told the reader, I won't get into the debate regarding stock splits, but I'm in the camp of those who love stock splits (unless they are reverse stock splits).
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