CocaCola Announces 2for1 Stock Split Video
Coca-Cola (NYSE:KO) is making in unexpected move this morning. The world's largest beverage maker announced a 2-for-1 stock split for the first time in 16 years.The split is in line with its plan to double revenue over the next decade. If approved, the split would increase the number of Coke shares to 11.2 billion from 5.6 billion. The move is subject to approval by shareholders on July 10. Currently, the company is trading higher on the news, up almost three quarters of one percent to $74.65.
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