Nicholas Financial’s Stock Dividend

I had additional shares of Nicholas Financial (NICK) credited to my account on Monday due to the 10% stock dividend. This is in effect an 11-for-10 split.
The share price, however, showed no evidence of splitting which means that the stock actually gapped up. Normally, I would have expected to see NICK pull back around 10%. Perhaps no one noticed.
In any event, I’m adjusting the Buy List records to account for the split. At the beginning of the year, the Buy List “bought” 21,276.595 shares of NICK at $2.35 for a position of $50,000. The Buy List assumes all 20 positions are equally weighted at the beginning of the year for a total portfolio of $1 million.
We now have 23,404.2545 shares of NICK and the cost basis is $2.136364.

Posted by on December 9th, 2009 at 10:21 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.