Entergy Corporation (ETR, Financial) has announced a significant corporate action aimed at enhancing shareholder value and market accessibility. On October 31, 2024, the company declared a two-for-one forward stock split of its issued common stock. This strategic move was executed through an amendment to the company's Restated Certificate of Incorporation, which was filed with the Secretary of State of Delaware.
The amendment, effective as of 5:00 p.m. Eastern Time on December 12, 2024, has resulted in a proportional increase in the number of authorized common shares from 499 million to 998 million. This adjustment is designed to make the stock more accessible to a broader range of investors by effectively halving the price per share while doubling the number of shares held by existing shareholders.
Trading on a split-adjusted basis is set to commence at the market open on December 13, 2024. This development is expected to enhance liquidity and potentially attract new investors, aligning with Entergy Corporation's ongoing commitment to shareholder value enhancement.
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