23.06.2015 22:43:31
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Netflix Says Board Okays Seven-For-One Stock Split
(RTTNews) - Internet television network Netflix Inc (NFLX) on Tuesday said its board has approved a seven-for-one stock split to be effected in the form of a stock dividend of six additional shares of common stock for each outstanding share of common stock.
The stock dividend will be payable on July 14 to stockholders of record at the close of business on July 2, the company said.
Netflix said its stock will begin trading regular way at the post-split price on July 15.
Netflix shares gained $17.31 or 2.54% at $698.50 in after-hours trade on the Nasdaq.
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