NVIDIA Announces Four-for-One Stock Split
Company Aiming to Increase Accessibility for Employees and Investors
Stock Split to Take Place on June 7
Nvidia (NVDA) today announced that its board of directors has approved a four-for-one split of the company's common stock through a stock dividend. The stock split will become effective on June 7, 2023. The company stated that the stock split is intended to make Nvidia's stock more accessible to employees and investors.
The stock split will increase the number of outstanding shares from approximately 2.08 billion to 8.32 billion. Shareholders of record as of the close of business on May 25, 2023, will be entitled to receive three additional shares of common stock for each share owned on that date.
Nvidia has a history of stock splits, with the most recent one occurring in 2010. Over the long term, the company's stock has performed well, with a significant increase in value over the past two decades.
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