by Anura Guruge
on May 19, 2022
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Amazon 2022 stock-split dates for comparison.
June 1: The Google 2022 Annual Meeting where the VOTE the 20-to-1 stock split will be held.
Everyone is ASSUMING that this will go through. [Though I do own GOOG shares (and have for many years), I don’t own enough to bother voting. NOT SO when it comes to Amazon. Yes, I own much more AMZN than I do GOOG. SMILE.]
With the share price now hovering around $2,000 — over $800 down from when the split was announced — there is a (small) possibility that the vote might not go through! But, if that happens the stock price will now go down a further $250. So, I am fairly sure the 20-to-1 split will go through.
July: If the vote goes through, Friday, July 1, will be the NOMINAL EX-DIVIDEND (i.e., EX-SPLIT) date. It means diddly. Repeat. It means DIDDLY.
But, brokerages will claim that you need to own GOOG on July 1 in order to get the SPLIT. That is garbage. If you buy GOOG on July 3 what are the brokerages (& for that matter Google) going to do? Tell you own a special class of OLD, unsplit shares!
There is NO EX-SPLIT DAY. You can continue buying GOOG till the actual SPLIT DATE.
July 15: GOOG will split, 20-to-1, AFTER trading on this Friday. You will see the SPLIT shares on Saturday July 16.
July 18: The NEW split shares will start trading.
Got that. All depends on the vote going through.
They MIGHT delay these dates by a week or more. They have to happen on a Friday.
There is NO EX-SPLIT day — until the day the split happens. SMILE. [I have exploited this, & might do so again. Did so with TSLA. Bought AFTER the EX-SPLIT date when the prices dropped. SMILE.]
The Amazon (AMZN) 2022 stock split is taking place on a much more expedited (aggressive basis).
Google announced their 20-to-1 split in February 2022 — nearly a month ahead of Amazon. However, Amazon’s split will take place earlier.
You can also see that Amazon’s split is scheduled to take place RIGHT after the Annual Meeting. I will confess I was surprised to see that. Yes, it is all electronic now. So, it can be done quickly.
On the other hand Google is waiting a month after the Annual Meeting for the split. Yes, that will give time for folks to go ‘crazy’ about the stock.
But, now you have the dates & both calendars — for AMZN & GOOG.
