The Google stock split yesterday means shareholders of record as of March 27 received an additional share for every share they previously owned, and share value was halved. Through the deal, investors who owned "Class A" shares were given "Class C" shares.
GOOG stock split
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The Google Inc. (Nasdaq: GOOG) stock split happens tomorrow (Wednesday, April 2), meaning Google shareholders of record as of March 27 will own two shares tomorrow for every share they own today.
Following the split, Google will have twice as many shares outstanding than it currently does. Google's "Class A" shares will trade under the ticker GOOGL, while the company's "Class C" shares will remain on the company's current ticker GOOG.
Ahead of the Google Inc. (Nasdaq: GOOG) stock split that will take place on April 2, Standard & Poor's announced yesterday (Tuesday) that it will keep two classes of the company's stock in its indexes.
That's a change from how the index has handled such cases in the past, when Standard & Poor's would only allow a company to be represented once on its indexes.