Google’s stock split has investors doing cartwheels the NY Post reports. Much to the delight of Wall Street, the search giant delivered a two-for-one stock split and posted first-quarter results that topped analysts’ expectations yesterday.
Shareholders who had been angling for a form of dividend from the company will receive one share of a new stock for each share they currently hold. The new shares, which will be listed on the Nasdaq under a separate ticker, will hold no voting power, allowing co-founders Sergey Brin and CEO Larry Page to keep their grip on the company….
Read more: http://www.nypost.com/p/news/business/google_investors_cheer_split_JzWK5hWmAm108FXfD26J9J#ixzz1rtwQq4wW