Starbucks To Split Its Stock

Starbucks Corp. announced a 2-for-1 split in its common stock as the coffee retailer’s annual shareholder meeting began Tuesday.

In trading, Starbucks’ stock closed up $2.50 a share at $52.37-1/2 on the Nasdaq Stock Market.

The split will result in a stock dividend payable March 19 for holders of record March 5.