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What are the important dates of a stock split?

There are two most important dates to be kept in check for a stock split:

Record date: It is the date that the company decides to use as the benchmark to test the eligibility of shareholders to receive the split shares.

Ex-split date: It is the result date at which the stock trades at the newly altered split price. On this date itself, the eligible shareholders will also receive their split shares.

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What is a Stock split? Why does a company lower the price of their stock?

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