September 10th (Eastern Time) - $Cintas (CTAS.US)$ is about to implement a 4-for-1 stock split of shares. The shares will begin trading on a split-adjusted basis from September 12th, 2024.
$Cintas (CTAS.US)$ rose 2.92% and closed at $804.72 on September 9th with a turnover of $412.73 million. $Cintas (CTAS.US)$ now has a total market capitalization of $81.09 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.