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Nvidia Approves 10-for-1 Stock Split
Making Shares More Accessible to Employees and Investors
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Nvidia announced a 10-for-1 stock split on Wednesday, making buying shares in the red-hot semiconductor company more affordable for investors. This marks the largest stock split to date for the chipmaker.If approved by shareholders at the company's annual meeting on June 21, 2021, each NVIDIA stockholder of record at the close of business on that date will receive a dividend of three additional shares for each share they own. The split will be effected through a stock dividend distribution on July 20, 2021.
Nvidia said the stock split will make ownership more accessible to employees and investors, and will increase the liquidity of the company's shares. The company's shares have more than doubled in value over the past year, making them less affordable for some investors.
The stock split is the latest in a series of moves by Nvidia to make its shares more accessible to a wider range of investors. In 2018, the company announced a 2-for-1 stock split, and in 2016, it announced a 3-for-1 stock split.
Conclusion
The Nvidia stock split is a sign of the company's continued growth and success. The company is a leader in the semiconductor industry, and its products are used in a wide range of applications, including gaming, artificial intelligence, and data centers. The stock split will make it easier for investors to own a piece of this successful company.
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