Nvidia Stock Split: Making Ownership More Accessible
Dividend Distribution and Split Date Announced
Nvidia Corporation (NVDA) has declared a four-for-one stock split in the form of a stock dividend. The new shares will be distributed at the end of the next trading day, June 7, 2024. The stock will begin trading at the split-adjusted price on Monday, June 10.
The stock split is intended to make Nvidia stock more affordable and accessible to a broader range of investors, including employees. The company believes that a lower stock price will increase liquidity and trading volume.
Nvidia's previous stock split occurred in July 2021, when the company executed a 10-for-one split. The stock price has since rallied significantly, reaching a record high above $300 per share in November 2021.
Analysts expect Nvidia's stock split to have a positive impact on the company's valuation and liquidity. They believe that the lower stock price will make it more attractive to retail investors and institutional buyers.
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