May 24, 2023
51:50
For every 50 shares held, investors received 51. The price per share adjusted from $13.60 to $13.33.
The split itself did not change the total investment value.
Mercantile Bank PLC (DSE:MERCANBANK) operates in the Major banks industry.
Mercantile Bank PLC company overviewMercantile Bank PLC's most recent stock split was on May 24, 2023. It was a 51-for-50 forward split, so shareholders received 51 shares for every 50 they held.
Mercantile Bank PLC (DSE:MERCANBANK) has split its stock 10 times: a 123-for-100 split on March 7, 2012, a 27-for-25 split on March 31, 2013, a 28-for-25 split on April 10, 2014, a 21-for-20 split on March 20, 2017, a 21-for-20 split on April 16, 2018, a 23-for-20 split on June 9, 2019, a 21-for-20 split on June 3, 2020, a 21-for-20 split on April 6, 2021, a 21-for-20 split on April 7, 2022, and a 51-for-50 split on May 24, 2023.
Mercantile Bank PLC has split its stock 10 times. This history records 10 forward splits between March 7, 2012 and May 24, 2023.
A stock split divides each share into more shares and lowers the price per share by the same factor, so the total value of a holding does not change. In Mercantile Bank PLC's 51-for-50 split on May 24, 2023, every 50 shares became 51 shares.
Mercantile Bank PLC has not announced a new split in our records. Its most recent split was on May 24, 2023, 3 years ago. Companies announce splits in advance, and any new DSE:MERCANBANK split will appear on this page.
Already premium?