SCHD Stock Split
SCHD stock will have its stock split effective after markets close on October 10, 2024, this ETF will undergo a 3-for-1 share split.
Some reasons for this are said to be the following
The price will be lower so more investors can purchase it.
- Increased liquidity
- Attractive to new investors
- Improved perceived affordability
- Flexibility for investors
Disadvantages
- No change in the company's value
- Potential for increased volatility:
- Costs of doing the split
- Market reaction