Three companies in the Standard & Poor’s 500 Index are splitting their shares this week. A decade ago, this would have been a routine number. Now it qualifies as a deluge.
The CHART OF THE DAY displays the number of splits in S&P 500 stocks each year since 1995, as compiled by S&P. Last year, AmerisourceBergen Corp. was the only company in the index to go this route. The highest total for the past 10 years was 38 splits, recorded in 2004. That’s less than half the peak of 100 in 1997.