The parent of the LaCroix sparkling water and Shasta soft drink brands, National Beverage Corp. (NASDAQ: FIZZ) , announced an upcoming stock split today. The company's press release refers to the event as a 1-for-1 stock split, but such a split is not actually part of investing terminology. National Beverage seems to be actually preparing a 2-for-1 stock split.
The split will occur as a "stock dividend," in which the investors are paid in stocks rather than cash, but the action is handled in a way similar to a dividend payment. Shareholders don't need to pay taxes on shares they receive in this manner, until and unless they decide to sell the newly gained shares. The company will issue a 100% stock dividend, with each shareholder receiving a dividend of shares equal to their existing holdings.
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For further details see:
National Beverage Plans a Mid-Month 2-for-1 Stock Split