Chipotle announces a 50-for-1 stock split, its first in 30 years, pending shareholder approval.
Chipotle Mexican Grill announced a 50-for-1 stock split, its first in the company's 30-year history. The stock split was approved by the company's board and is subject to shareholder approval at the upcoming annual meeting on June 6. If approved, each investor of record as of June 18 will receive 49 additional shares for each share held, with the split shares expected to start trading on June 26. Chipotle's shares have seen a significant surge in their stock price due to this announcement, reaching record highs.
March 19, 2024
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