Lilly retiree here. Lilly stock continues to soar upwards to new record highs. It used to be fashionable for companies to announce stock splits after reaching highs. Lilly announced 2 for 1 stock split in Nov 1995 after the stock hit $100. Then two years later it announced another split when it again climbed above $100. The stock today is trading above $270. The company could announce a 3 for 1 stock split and the new trading price would be $90. Why is the board holding back on this?
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anonymous
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anonymous
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They will wait on the split until the shares they gave out in 2019 mature in January 2022. I figure they will look at splitting after that
anonymous
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anonymous
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Stock splits are a dinosaur. Amazon is $3000....enjoy your dividend.
