stock split questions

Dave Peticolas dave@krondo.com
Tue, 30 Jan 2001 13:40:06 -0800


Clark Jones writes:
> Bill Carlson wrote:
> > 
> > On Tue, Jan 30, 2001 at 02:44:01AM -0800, Dave Peticolas wrote:
> > >
> > > 1.  Are stock splits always reported as the ratio of two integers?
> > 
> > I have never seen anything but this.
> 
> It's not all that unusual for certain types of "companies" to have a
> "fractional split", e.g., 1.003/1, often called a "stock dividend".

Is that actually reported as a split? In the funds I have owned, you
could elect to have your dividends used to purchase more shares, but
that wasn't a 'split'.

Can mutual funds split?


dave