Williams-Sonoma, Inc. Announces Two-for-One Stock Split
Williams-Sonoma (NYSE: WSM) announced a two-for-one stock split. Each stockholder of record on June 27, 2024 will receive an additional share for each share held, payable on July 8, 2024. Trading on a split-adjusted basis will commence on July 9, 2024. The stock dividend won't affect voting and other rights of stockholders. Williams-Sonoma aims to make its stock more accessible to investors and employees. The company, known for brands like Pottery Barn and West Elm, operates in several countries and emphasizes sustainability.
- Two-for-one stock split to make shares more accessible.
- Trading on a split-adjusted basis to start on July 9, 2024.
- No impact on voting and other rights of shareholders.
- The move could attract more retail investors.
- Williams-Sonoma operates in multiple international markets.
- Strong emphasis on sustainability.
- Stock splits can sometimes lead to short-term volatility.
- No immediate financial or operational benefits mentioned.
Insights
A two-for-one stock split is a corporate action where a company divides its existing shares into multiple shares to boost the liquidity of the shares. In this case, Williams-Sonoma, Inc. is issuing one additional share for every share held by shareholders. This move is often seen as a positive sign by investors as it indicates the company's confidence in its future earnings and growth.
From a financial perspective, while the stock split does not change the intrinsic value of the company, it makes the stock more affordable and accessible to a broader range of investors. This can potentially increase the stock's liquidity and attract new investors who might have been deterred by the higher stock price. Moreover, it might also make the stock more appealing to retail investors and employees who may participate in employee stock purchase plans.
However, it's important to remember that the fundamental value of the company doesn't change with a stock split. Investors should focus on the company's financial health, growth prospects and market position rather than just the stock split itself.
Each stockholder of record on June 27, 2024 will receive one additional share of common stock for each share of common stock held, payable after the close of market on July 8, 2024. Trading is expected to commence on a split-adjusted basis at market open on July 9, 2024. The stock dividend will not have any impact on the voting and other rights of stockholders.
ABOUT WILLIAMS-SONOMA, INC.
Williams-Sonoma, Inc. is the world’s largest digital-first, design-led and sustainable home retailer. The company’s products, representing distinct merchandise strategies — Williams Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, West Elm, Williams Sonoma Home, Rejuvenation, Mark and Graham and GreenRow — are marketed through e-commerce websites, direct-mail catalogs and retail stores. These brands are also part of The Key Rewards, our loyalty and credit card program that offers members exclusive benefits across the Williams-
For more information on our sustainability efforts, please visit: https://sustainability.williams-sonomainc.com
WSM-IR
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Jeff Howie
EVP, Chief Financial Officer
(415) 402-4324
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Jeremy Brooks
SVP, Chief Accounting Officer
Investor Relations
(415) 733-2371
Source: Williams-Sonoma, Inc.
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