Nvidia announces four-for-one stock split

Tiger Newspress2021-05-21

Nvidia stock surged 4% in premarket trading after Nvidia announcing four-for-one stock split, pending stockholder approval at annual meeting set for june 3.

NVIDIA today announced that its board of directors declared a four-for-one split of NVIDIA’s common stock in the form of a stock dividend to make stock ownership more accessible to investors and employees.

The stock dividend is conditioned on obtaining stockholder approval at the company’s 2021 Annual Meeting of Stockholders ― to be held virtually on Thursday, June 3, at 11 a.m. PT ― to increase the number of authorized shares of common stock to 4 billion shares.

If approval is obtained, each NVIDIA stockholder of record at the close of business on June 21, 2021, will receive a dividend of three additional shares of common stock for every share held on the record date, to be distributed after the close of trading on July 19, 2021. Trading is expected to begin on a stock split-adjusted basis on July 20.

About NVIDIA

NVIDIA’s (NASDAQ: NVDA) invention of the GPU in 1999 sparked the growth of the PC gaming market and has redefined modern computer graphics, high performance computing and artificial intelligence. The company’s pioneering work in accelerated computing and AI is reshaping trillion-dollar industries, such as transportation, healthcare and manufacturing, and fueling the growth of many others.

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Comments

  • Salibee
    2021-05-26
    Salibee
    Banana split seems better [開心] [開心] 
  • ORNEGU
    2021-05-24
    ORNEGU
    Hmm ? 
  • KengH
    2021-05-24
    KengH
    Spilt. How would the share price be like? 
  • Salibee
    2021-05-24
    Salibee
    Time to get out!!!
  • Moonwalker
    2021-05-24
    Moonwalker
    Hahaha
  • 2296c438
    2021-05-24
    2296c438
    Comment and like please.
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