Tokio Marine to Split Stock 15-for-1, Add Shareholder Perks
Tokio Marine Holdings is a big Japanese insurance company.
The company will do a stock split. One share will become 15 shares.
The record date for this is September 30.
A record date is the day a company checks who owns shares.
Tokio Marine will also start a new shareholder benefit program. This is a gift for people who own shares.
The company also changed its dividend plan for this year. A dividend is money paid to shareholders.
The new plan will give shareholders more money in effect.
Tokio Marine did not say all the small details yet.
Many companies split stock to make shares cheaper to buy.
Cheaper shares can bring more small investors.
This news comes from Reuters and Bloomberg reports.
Vocabulary10 words
- stock split
- when one share becomes many smaller shares
- record date
- the day a company checks who owns its shares
- shareholder benefit
- a gift or perk given to people who own shares
- dividend
- money a company pays to people who own its shares
- insurance company
- a company that helps pay for accidents or damage
- shareholder
- a person who owns part of a company
- shares
- small parts of a company that people can buy
- investor
- a person who puts money into a company
- effect
- a result or change caused by something
- plan
- an idea about what will happen
Quiz
Answer key
1. 15 shares 2. September 30 3. True
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Tokio Marine Holdings is a big Japanese _____ company.
The company will do a stock _____. One share will become 15 shares.
The _____ date for this is September 30.
A record date is the day a company checks who owns _____.
Tokio Marine will also start a new shareholder _____ program.
This is a gift for people who own shares.
The company also changed its _____ plan for this year.
A dividend is money paid to _____.
The new plan will give shareholders more money in _____.
Many companies split stock to make shares cheaper to _____.