Shares of TruGolf Holdings Inc. TRUG are trading lower Wednesday after the company announced a 1-for-50 reverse stock split set to take effect on June 23, 2025.
What To Know: The reverse stock split will consolidate every fifty shares of TruGolf’s Class A common stock into one share. The company’s outstanding share count will fall from approximately 40.5 million to around 0.8 million. The number of authorized shares, however, remains unchanged at 650 million.
Reverse splits can be viewed negatively by investors, especially when used to help a stock remain compliant with minimum price requirements for Nasdaq listing.
Is TRUG A Good Stock To Buy?
TruGolf Holdings TRUG does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga’s dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.
For example, if you’re looking to earn an annualized return of 20.65%, you’ll need to buy a share of North American Finl 15 by the Jun. 30, 2025. Once done, you can expect to receive a nominal payout of $0.11 on Jul. 10, 2025.
Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on TruGolf Holdings will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.
TRUG Price Action: TrueGolf Shares were down 21.9% at 13 cents at the time of writing, according to Benzinga Pro.
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