May 16th - $SUMITOMO MITSUI FINANCIAL GROUP INC (SMFNF.US)$ is about to implement a 3-for-1 stock split of shares. The shares will begin trading on a split-adjusted basis from September 27th, 2024.
$SUMITOMO MITSUI FINANCIAL GROUP INC (SMFNF.US)$ slipped 2.5% and closed at $58.104 on May 15th with a turnover of $2.52 million. $SUMITOMO MITSUI FINANCIAL GROUP INC (SMFNF.US)$ now has a total market capitalization of $76.34 billion.
What Is a Stock Split?
A stock split happens when a company increases the number of its shares to boost the stock's liquidity. Although the number of shares outstanding increases by a specific multiple, the total value of all shares outstanding remains the same because a split does not fundamentally change the company's value.
Note:
The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.