On March 18, Wendy’s announced that it would be issuing a 2-for-1 stock split. The move will effectively halve the stock’s price, but double the number of outstanding shares.
The fast-food chain’s shares have been on a tear lately, more than doubling in value over the past 12 months. The company has been buoyed by strong sales and an aggressive expansion plan.
Wendy’s stock split is seen as a way to make the shares more affordable and attract a wider range of investors. After the split, each share will be worth about $30.
The move is also seen as a vote of confidence by management in the company’s future prospects. By increasing the number of outstanding shares, Wendy’s is signaling that it expects its business to continue to grow.
Wendy’s stock split is seen as a way to make the shares more affordable and attract a wider range of investors.
The move is also seen as a vote of confidence by management in the company’s future prospects.
