NVIDIA Announces 10-for-1 Stock Split
Breaking News
Santa Clara, Calif. - June 10, 2024
NVIDIA Corporation (NASDAQ: NVDA) announced today that its Board of Directors has approved a 10-for-1 stock split, to be effected in the form of a stock dividend. The split is expected to take effect after the close of trading on July 20, 2021.
The stock split is intended to make NVIDIA's shares more accessible to a broader range of investors. The company's common stock has been trading at approximately $950 per share, which may be considered expensive for some investors.
NVIDIA's stock has performed exceptionally well in recent years, driven by the strong demand for its semiconductor products. The company's shares have returned almost 30% since the announcement of the split in May.
The stock split is the latest in a series of measures that NVIDIA has taken to reward its shareholders. The company has also recently increased its dividend and announced a $15 billion share repurchase program.
Comments