Will Netflix split its stock 7 for 1?

Netflix splits stock 7 for 1. Netflix has approved a 7-for-1 stock split, the company said Tuesday. The video streaming company's shares rose more than 2 percent in extended trading. The split will come in the form of a dividend of six additional shares for each outstanding share, Netflix said.

What is a 7-for-1 stock split?

In June 2014, Apple, Inc. (AAPL) did a 7-for-1 stock split, meaning that an investor who previously held one share of Apple stock would have seven shares on the date of the split. Before the split, Apple had 861 million shares of stock valued at roughly $650 each.

What happens after Netflix split?

The split will come in the form of a dividend of six additional shares for each outstanding share, Netflix said. It is payable on July 14 to stock owners of record at the July 2 close. Trading at the post-split price will start July 15.

Should you buy Netflix stock?

Netflix has split their stock twice in the past, and it has been a positive catalyst. Their unique stock option program makes it more likely they will do so again in the future. Trading at approximately my estimate of fair value, those interested in buying may want to get in ahead of potential news. Looking for a helping hand in the market?