Reported 9 months ago
Chipotle shareholders have approved the historic 50-for-1 stock split, with important dates set for the record date on June 25, distribution date on June 25, and trading on a split-adjusted basis on June 26. Shareholders will receive 49 additional shares for each share owned, with no action needed from current stockholders. Financially, Chipotle's recent strong performance, including an increase in revenue and earnings per share, has analysts bullish on its future growth potential.
Source: YAHOO