- NVIDIA Corporation (NASDAQ: NVDA) had announced a 4-for-1 stock split back in May and it goes into effect today. These are the details.
NVIDIA Corporation (NASDAQ: NVDA) had announced a 4-for-1 stock split back in May and it goes into effect today. The company’s board of directors had declared the stock 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 was conditioned on obtaining stockholder approval at the company’s 2021 Annual Meeting of Stockholders — which was held virtually on Thursday, June 3, at 11 a.m. PT. This increased the number of authorized shares of common stock to 4 billion shares.
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 — which was distributed after the close of trading yesterday.
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