SNEX aims to broaden share ownership among employees and investors with the split effective for July 7 record holders.
StoneX Group announced a three-for-two stock split structured as a stock dividend, approved by its board on Wednesday. The move is intended to enhance accessibility for both employees and external investors by lowering the per-share price.
Shareholders of record as of July 7 will receive the additional shares. The company did not disclose a specific date for the split to take effect but indicated the dividend form would simplify distribution. StoneX last executed a stock split in 2018, a two-for-one division.
No immediate market reaction was reported following the announcement.