Financial Tip: Stock splits

(WBNG) -- In this week’s Financial Tip RJ Barber of Visions Investment Services discusses stock splits.

“A stock split is a decision by a company’s board of directors to increase the number of shares outstanding by issuing more shares to current shareholders,”Wealth Management Advisor RJ Barber said. “For example, in a 2-for-1 stock split a shareholder receives an additional share for each share held. If a company had 10 million shares outstanding before the split it will have 20 million shares outstanding after a 2-for-1 split.”

To contact RJ and his team at Visions Investment Services, visit the website here.