Nvidia Announces 10-for-1 Forward Stock Split
Details of the Split
Nvidia, a leading semiconductor company, has announced a 10-for-1 forward stock split, which will become effective after the market closes today. This means that for every one share of Nvidia stock currently owned, shareholders will receive ten shares post-split.
Reason for the Split
Nvidia stated in its first-quarter earnings report that the purpose of the split is to make stock ownership more accessible to employees and investors. A forward split typically indicates a company's confidence in its long-term growth prospects.
Timeline
The split-adjusted shares are scheduled to begin trading on July 20, 2023. Shareholders of record as of July 14, 2023 will be eligible for the split.
Komentar