Q: "Stantec declared a two-for-one share split with payment date of November 14, 2014, to shareholders of record as of the close of business on October 31, 2014." I understand this should not be material in nature, still I am confused. Suppose I buy the shares in between, which I am actually planning to do, I am paying the price before splitting. But since the obtaining of the shares happened after October 31, 2014, my share count would not double according to the statement, which should not be true. Please explain.
Also please comment on the quarterly results. Is it a buy today?
Thank you!
Also please comment on the quarterly results. Is it a buy today?
Thank you!