NVIDIA Stock Split: What You Need to Know
Sub Headline: NVIDIA Announces 10-for-1 Stock Split, Effective June 6, 2024
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NVIDIA Corporation (NVDA) has announced a 10-for-1 forward stock split, effective June 6, 2024. This means that each shareholder of record as of market close on Thursday, June 6, 2024 will receive nine additional shares of NVIDIA common stock for each share they currently own. The stock split is intended to make NVIDIA shares more accessible to a broader range of investors and increase the liquidity of the stock.
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NVIDIA has a history of stock splits, with the most recent one occurring in 2019. The company's stock has performed well since its initial public offering (IPO) in 1999, and the stock split is seen as a positive sign by many investors. NVIDIA's stock is currently trading at around $240 per share, and the stock split is expected to drive the price down to around $24 per share.
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Investors who own NVIDIA stock when trading closes on Thursday, June 6, 2024 will be eligible to receive the additional shares. The new shares will be distributed on or around June 13, 2024. NVIDIA's stock split is a significant event for the company and its shareholders, and it is expected to increase the liquidity and accessibility of NVIDIA shares.
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