Nvidia Announces 4-for-1 Stock Split
Board of Directors Approves Dividend to Increase Stock Accessibility
Shares to Trade on Split-Adjusted Basis Starting Today
Nvidia Corporation (NVDA) has announced that its board of directors has declared a 4-for-1 stock split in the form of a stock dividend. The move is intended to increase the accessibility and affordability of Nvidia shares for investors.
The stock split will be distributed on a pro rata basis to shareholders of record on May 25, 2023. The new shares will begin trading on a 4-for-1 split-adjusted basis on May 26, 2023.
Management believes that the stock split will make it easier for investors to acquire and hold Nvidia shares. By increasing the number of outstanding shares, the split is expected to lower the per-share price, making it more accessible for a broader range of investors.
Nvidia's stock has performed well in recent years, driven by the growing demand for its graphics processing units (GPUs) used in gaming, data centers, and artificial intelligence applications. The stock split is a testament to the company's continued growth and its commitment to rewarding its shareholders.
This move by Nvidia is a significant event for both the company and its investors. The stock split is expected to increase the liquidity and trading volume of Nvidia shares, further enhancing its appeal to a wider investor base.
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