Shionogi & Co (JP:4507) has released an update.
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Shionogi & Co. has announced a stock split aimed at enhancing the liquidity of its shares and attracting a broader investor base, with each shareholder receiving 3 shares for every 1 share held as of September 30, 2024. Concurrently, the company is amending its Articles of Incorporation to increase the total number of authorized shares from 1 billion to 3 billion, effective October 1, 2024. Furthermore, Shionogi is revising its dividend forecast upward for the fiscal year ending March 2025, reflecting an effective increase in the previously announced dividend forecast.
For further insights into JP:4507 stock, check out TipRanks’ Stock Analysis page.
