Nvidia Announces 10-for-1 Forward Stock Split
Stock Will Begin Trading on Split-Adjusted Basis on June 10
Split Designed to Make Stock Ownership More Accessible
In a move that will make its stock more accessible to employees and investors, Nvidia announced a 10-for-1 forward stock split in its fiscal first-quarter earnings report on Wednesday.
The split-adjusted shares are set to begin trading on a split-adjusted basis when the market opens on Monday, June 10. For each share of Nvidia stock that an investor currently owns, they will receive nine additional shares.
Nvidia said in its first-quarter earnings report that the stock split is intended to "make it easier for employees and investors to purchase and own Nvidia common stock."
The forward stock split is the most common type of stock split. In a forward stock split, the company issues more shares to existing shareholders, which increases the number of shares outstanding but does not change the company's market capitalization.
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