ResMed completes two-for-one stock split of common stock

ResMed Inc. (NYSE: RMD) announced today that its two-for-one stock split of the company's outstanding shares of common stock, payable in the form of a 100% stock dividend was completed on August 30, 2010. The new total shares outstanding doubled to 151,388,240 shares, excluding shares held as treasury stock. The closing price of the company's common stock on the New York Stock Exchange on August 30, 2010 was $60.38. On a split-adjusted basis, the company's closing stock price on August 30, 2010 would have been $30.19. The company's total market capitalization as of August 30, 2010 was approximately $4.6 billion on that date.

ResMed is a leading developer, manufacturer, and distributor of medical equipment for treating, diagnosing, and managing sleep-disordered breathing and other respiratory disorders. We are dedicated to developing innovative products to improve the lives of those who suffer from these conditions and to increasing awareness among patients and healthcare professionals of the potentially serious health consequences of untreated sleep-disordered breathing.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    ResMed Corp. (2019, June 18). ResMed completes two-for-one stock split of common stock. News-Medical. Retrieved on May 29, 2024 from https://www.news-medical.net/news/20100909/ResMed-completes-two-for-one-stock-split-of-common-stock.aspx.

  • MLA

    ResMed Corp. "ResMed completes two-for-one stock split of common stock". News-Medical. 29 May 2024. <https://www.news-medical.net/news/20100909/ResMed-completes-two-for-one-stock-split-of-common-stock.aspx>.

  • Chicago

    ResMed Corp. "ResMed completes two-for-one stock split of common stock". News-Medical. https://www.news-medical.net/news/20100909/ResMed-completes-two-for-one-stock-split-of-common-stock.aspx. (accessed May 29, 2024).

  • Harvard

    ResMed Corp. 2019. ResMed completes two-for-one stock split of common stock. News-Medical, viewed 29 May 2024, https://www.news-medical.net/news/20100909/ResMed-completes-two-for-one-stock-split-of-common-stock.aspx.

Comments

The opinions expressed here are the views of the writer and do not necessarily reflect the views and opinions of News Medical.
Post a new comment
Post

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

You might also like...
ResMed launches Lumis series of noninvasive ventilation devices to manage respiratory stability of patients