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February 24, 1999
2 for 1 stock split for Starbucks
SEATTLE (AP) -- Starbucks Corp. announced a 2-for-1 split in its shares of common stock Tuesday as its annual meeting here got under way.
Stock in the specialty-coffee retailer rose to $52.87, up $3 from Monday's Nasdaq close, at word of the split Tuesday morning.
The split will result in a stock dividend payable March 19 for holders of record March 5.
Starbucks operates more than 2,000 shops in North America, the United Kingdom and Asia.