Syntel, Inc. (SYNT), announced today that its Board of Directors has approved a 2-for-1 stock split of its outstanding common shares. An additional share will be issued for each existing common share on November 3, 2014 to shareholders of record on October 20, 2014. Syntel shares are expected to begin trading on a split-adjusted basis on November 4, 2014.
SYNT shares recently lost 0.21 to $87.28. The stock is up more than 10.54% year-over-year and has lost roughly -4.04% year-to-date. In the past 52 weeks, shares of the Troy, Michigan-company have traded between a low of $76.52 and a high of $97.23.
Syntel, which closed Tuesday at $87.28, has a total market cap of $3.65B.