Summary
Centene Corporation (CNC) announced its 2019 financial guidance and reaffirmed its 2018 guidance via a press release on December 13, 2018. The company also plans to host an investor meeting on December 14, 2018, to discuss these financial projections in detail. The press release and presentation will be available on Centene's investor website. In a separate announcement, Centene's Board of Directors approved a two-for-one stock split, structured as a 100% stock dividend, expected in the first quarter of 2019, subject to stockholder approval to increase authorized shares. This move signals the company's confidence and aims to enhance stock liquidity.
Key Highlights
- 1Centene issued its 2019 financial guidance, with details to be discussed at an upcoming investor meeting.
- 2The company reaffirmed its financial guidance for 2018.
- 3A two-for-one stock split, in the form of a 100% stock dividend, was declared by the Board of Directors.
- 4The stock split is anticipated to be effective in Q1 2019.
- 5Stockholder approval is required to amend the certificate of incorporation to increase the number of authorized shares for the stock split.
- 6Centene is hosting an investor meeting on December 14, 2018, to discuss guidance and provide a Q&A session.
- 7Investors can access the press release and presentation materials on Centene's website.
Frequently Asked Questions
Centene provided its 2019 financial guidance and reaffirmed its 2018 financial guidance. These details were announced in a press release on December 13, 2018, and are expected to be further discussed at an investor meeting.
The Board of Directors approved a two-for-one stock split, structured as a 100% stock dividend. This typically aims to make the stock price more accessible to a broader range of investors, potentially increasing liquidity and reflecting the company's growth and confidence.
The stock split is subject to stockholder approval. Centene will seek approval to amend its certificate of incorporation to increase the number of authorized shares of common stock to facilitate the split.
Investors can find the press release and a copy of the investor presentation on Centene's website (www.centene.com) in the Investors section. The company is also hosting a live audio webcast of its investor meeting on December 14, 2018.