DaVita to Split Stock 2-for-1

Renal care specialist DaVita HealthCare Partners (NYSE: DVA  ) announced today that it's splitting its stock 2-for-1 on September 20 for holders of record on August 23.

Investors will receive an additional share for each share they own on the record date. The stock split will increase the total number of outstanding shares of the kidney care specialist's common stock from approximately 106.2 million shares to approximately 212.5 million shares.

The market price of each share will adjust to the split and individual investors will end up owning roughly the same dollar amount of stock after the split as they owned before it.

DaVita operates or provides administrative services at 2,010 outpatient dialysis centers in the U.S. serving approximately 159,000 patients, as well as at 48 centers in 10 countries outside of the U.S.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2592073, ~/Articles/ArticleHandler.aspx, 3/30/2015 10:08:34 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...