Companies give different benefits to people who invest in their shares. These benefits can be things like getting money back, called a dividend, or getting extra shares, called bonus shares.
One company recently said they will split their shares. Instead of getting one share, people who own shares in this company will now get 49 shares.
The company told the stock market about this decision after a meeting where they decided to split the shares in a 50:1 ratio.
This change will happen by June 6, 2024, which is the last date for it. People who already have shares will get more because of this split.
The company owns popular restaurants internationally. In the past year, the value of its shares went up by 74%.
This is the first time in 30 years that they’ve decided to split their shares.
What’s a stock split? It’s when a company divides its shares into smaller parts. They do this when the shares become very expensive, and small investors can’t afford them.
A stock split helps attract small investors and makes more people interested in buying shares.
What’s the company’s name? It’s Chipotle Mexican Grill. This company is listed on the New York Stock Exchange in America.
When it first joined the stock market in January 2006, each share cost $22. Now, one share of Chipotle Mexican Grill costs $2,797.56.
How can you trade in the American market? You might wonder why this matters if you’re in India. But now, Indian investors can open accounts with international brokers.
With this account, you can invest in foreign companies’ shares. You can buy global stocks, ETFs, or funds through an overseas brokerage account.
You can open an account with an American broker through an Indian brokerage firm.
