This means instead of having one share worth $700, shareholders would own four shares, each worth $175. As an example, NVIDIA shares have lately been trading for roughly $700. As internal processes differ from brokerage to brokerage, it may take as many as several days for the new shares to show up in investor accounts.įinally, investors should remember that a stock split does nothing to change the value of the underlying business, but merely divides it into a great number of ownership portions. It's important to note that investors shouldn't necessarily expect the new shares to appear in their account immediately after the market close on July 19. Upon approval of the split, each shareholder of Nvidia as of June 21, will receive. The shares will be distributed after the market close on July 19, and the newly split shares will begin trading when the market opens on Tuesday, July 20.Įxisting shareholders won't have to do anything to receive the additional shares, which will be deposited directly into their brokerage accounts once the stock split takes effect. The split is conditional on approval from shareholders at the company’s Annual Meeting to be held on June 3. Each shareholder of record as of June 21 will receive an additional three shares of stock for every share held. At that point shares that are currently going for around 700 would be.
The split goes into effect starting at the opening of trading on July 20. The stock split will be payable in the form of a stock dividend. A four-for-one stock split was just approved. The NVIDIA GeForce RTX 30 series of processors.
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