Comcast Has A Two-for-One Split In 2017. This Changes The Cost Basis Per Share.
Split Announced January 26, 2017:
Comcast had a 2 for 1 split for shareholders of stock on February 17, 2017. The new shares were payable on February 17, 2017.
Those that hold Comcast Class A (CMCSA) will receive Class A shares. Those that hold Comcast Class B (CMCSK) will receive Class B shares. The Class A shares are part of the AT&T "family."
This split gives Comcast stockholders double the number of shares, but they retain the same ownership percentage in Comcast that they had before the split.
This split complicates already complicated tax cost basis (or stock basis) computations for AT&T and its "offspring." The AT&T tax cost basis can most easily computed using the AT&T Divestiture Basis Tracker. You can order the Denver Tax Software, Inc. AT&T Divestiture Basis Tracker.
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