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Multiple transactions to the same vendor on the same day when the combined total of the orders exceed the Purchasing Card transaction limit of $2,500 is considered splitting purchase transactions. Whether the action is intentional or not, it is a violation of the SC Procurement Code.
For example, a shareholder whose stock ownership increased from 100 to 200 shares because of the split, would receive the same dividend amount of $91.00 (200 shares multiplied by 45.5 cents per share vs. 100 shares multiplied by 91 cents per share).