CALGARY, Alberta, April 24 (Reuters) - Suncor Energy Inc (SU.TO) shareholders approved plans on Thursday to split the company’s shares 2 for 1, a measure the company said will make the stock more affordable and boost liquidity.
The share split is the company’s first since 2002, when the shares were worth C$27.25 each. Suncor’s stock was at C$113.85, down C$2.15 on the Toronto Stock Exchange on Thursday.
The measure is effective on May 14. (Reporting by Jeffrey Jones; editing by Rob Wilson)