Bracing For More Key Stock Splits (SIX, AMX, LULU, MMS)

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We have noticed a near-record wave of stock splits of late despite the trend of today where companies have tended to prefer high share prices over record share prices.  We also have several key splits coming up this week that investors will need to pay attention to.  These are from Six Flags Entertainment Corp. (NYSE: SIX), America Movil S.A.B. de C.V. (NYSE: AMX), Lululemon Athletica Inc. (NASDAQ: LULU), and MAXIMUS, Inc. (NYSE: MMS) are all executing their splits this week.

Basic price data and an impact has been listed if applicable.

Six Flags Entertainment Corp. (NYSE: SIX) declared its 2-for-1 stock split back on May 5 and the ex-date is June 28.  Shares were trading at $73.74 on the split date and they closed at an adjusted basis of $72.82 on Monday.

America Movil S.A.B. de C.V. (NYSE: AMX) is not one we routinely follow.  It has already declared a 2-for-1 stock and Yahoo! Finance lists June 30 as the payable date, with July 1 as the ex-date as the data that the share price reflects the adjusted price.

Lululemon Athletica Inc. (NASDAQ: LULU) announced the yoga split of 2-for-1 back on June 9, and its payable date is June 30 with an ex-date of July 1.  That means that it will reflect the split this coming Friday. Shares were at $86.14 before the split was announced, but now shares are up at $108.58 and an all-time high of $108.99 was hit Monday.

MAXIMUS, Inc. (NYSE: MMS) declared a 2-for-1 stock split back on May 9, and it has a payable date of June 30 with an ex-date that will reflect the adjusted share price of July 1.  Shares were at an adjusted $79.46 before it announced the split and $83.26 after its split, but now shares are at $80.71.

As a reminder, stock splits change nothing fundamentally under the shares.

JON C. OGG