Cosmo Energy Holdings (TYO:5021) plans to implement a 2-for-1 stock split effective Oct. 1, doubling its outstanding shares to 176.7 million to lower the per-share price and attract a broader investor base.
The company will amend its Articles of Incorporation to increase authorized shares to 340 million from 170 million, while maintaining its stated capital unchanged, according to its Tokyo bourse filing on Tuesday.
Post-split, the year-end dividend per share will be halved to 90 yen from 180 yen to align with the doubled share count.
The interim dividend, with record date set on Sept. 30, will still be 150 yen per share, calculated pre-split.
