Nov 01, 2010
1:2
For every 2 shares held, investors received 1.
The split itself did not change the total investment value.
Sumitomo Mitsui Financial Group, Inc. (LSE:0LAF) operates in the Major banks industry.
Sumitomo Mitsui Financial Group, Inc. company overviewSumitomo Mitsui Financial Group, Inc.'s most recent stock split was on November 1, 2010. It was a 1-for-2 reverse split, so shareholders received 1 share for every 2 they held.
Sumitomo Mitsui Financial Group, Inc. (LSE:0LAF) has split its stock 2 times: a 10-for-1 split on April 20, 2001 and a 1-for-2 reverse split on November 1, 2010.
Sumitomo Mitsui Financial Group, Inc. has split its stock 2 times. This history records 2 splits between April 20, 2001 and November 1, 2010.
A reverse stock split combines several shares into one and raises the price per share by the same factor, so the total value of a holding does not change. In Sumitomo Mitsui Financial Group, Inc.'s 1-for-2 reverse split on November 1, 2010, every 2 shares became one share. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Sumitomo Mitsui Financial Group, Inc. has not announced a new split in our records. Its most recent split was on November 1, 2010, 15 years ago. Companies announce splits in advance, and any new LSE:0LAF split will appear on this page.
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