Alaska Air plans stock split
The 2-for-1 split, which will be effective July 9, reflects the strong rise in Alaska’s stock price.
By Seattle Times business staff
Alaska Air Group announced Thursday a 2-for-1 stock split, effective July 9.
The second such split since 2012 reflects the strong rise in Alaska’s stock — more than 160 percent since January 2013.
The stock split will double Alaska Air Group’s outstanding shares from approximately 68 million shares to about 136 million shares.
A stock split has no effect on the value of the company but makes each share less expensive and is thought to make the stock more attractive to retail investors.