NVIDIA to Split Its Stock Four-for-One
Chipmaker Moves to Make Its Shares More Accessible to Investors
Split Will Be in the Form of a Stock Dividend
SANTA CLARA, Calif., May 21, 2021 /PRNewswire/ -- NVIDIA Corporation (NASDAQ: NVDA) today announced that its board of directors has declared a four-for-one split of the company's common stock in the form of a stock dividend.
The stock split will be effected in the form of a stock dividend payable on June 21, 2021, to shareholders of record at the close of business on June 7, 2021. Each shareholder of record will receive three additional shares of NVIDIA common stock for each share held on the record date.
"We are pleased to announce this stock split, which we believe will make our shares more accessible to a broader range of investors," said Jensen Huang, NVIDIA's founder and CEO. "This action reflects our confidence in the long-term growth prospects of our company."
The stock split will not affect the total number of NVIDIA shares outstanding or the company's market capitalization.
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