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fractions means

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(Querist)
15 October 2009 what is mean by fractional shares.

fractional shares get money face value, market value, book value . which is correct.
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K V Subba Rao

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K V Subba Rao (Expert)
15 October 2009 Please check the following link:

https://www.indialawjournal.com/volume2/issue_3/article_by_dennis.html
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Taranjit Singh

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Taranjit Singh (Expert)
15 October 2009 Less than one share of stock; that is, one-third or one-half a share. Fractional shares are generally created from dividend reinvestment plans or stock dividends. For example, if a firm's directors declare a 2% stock dividend, an owner of 70 shares would be entitled to 1.4 additional shares. Because corporations do not issue certificates including fractional shares, the stockholder would receive one share and the cash equivalent for the fractional share. Fractional shares are credited to dividend reinvestment plans.
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Ankur Garg

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Ankur Garg (Expert)
15 October 2009 AGREE WITH ELABORATION
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CA Suresh Choudhary

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CA Suresh Choudhary (Expert)
15 October 2009 Agree with expert
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