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Since we can't trade 0.5 stocks or 1/3 stocks, why the Google Finance would mark the volumes as 20,000.00 not just 20,000?

Maybe a stupid question but I am just wondering why not just remove the 00 to make it easier to read as I saw in my brokers panel?

Thanks,

1 Answer 1

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Many brokerages offer automatic dividend reinvestment.

It is very infrequent that these dividends are exactly a whole share. So, if you have signed up for automatic dividend reinvestment, many brokerages will reinvest your dividends and assign to you a fractional share. I can't speak for how these shares work with regards to voting, but I can say that the value of these fractional holdings does change with stock price as if one genuinely could hold a fraction of a share.

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