NVIDIA Announces Stock Split to Enhance Accessibility for Investors and Employees

Empowering Ownership through Stock Distribution

NVIDIA, a leading technology company known for its advancements in computer graphics and artificial intelligence, recently announced a significant decision to split its common stock. This move aims to make ownership more accessible to employees and investors alike, broadening the company's shareholder base.

Details of the Stock Split

In its quarterly earnings report, NVIDIA disclosed that it will execute a four-for-one stock split, effectively dividing each existing common share into 10 smaller shares. The split-adjusted shares are scheduled to begin trading on the market at the open on June 10, 2023.

At the time of the announcement, NVIDIA's shares were trading at $949.50. The stock split is expected to result in a corresponding decrease in the per-share price, making it more affordable for individuals to invest in the company.

Additional Updates from NVIDIA

In addition to the stock split, NVIDIA also announced a 150% increase in its quarterly dividend, raising it from $0.04 to $0.10 per share. This move reflects the company's confidence in its financial performance and commitment to shareholder value.

NVIDIA's recent initiatives, including the stock split and dividend increase, demonstrate the company's long-term vision of fostering a wider community of investors. By making ownership more accessible, NVIDIA aims to engage a broader range of individuals in its growth and success.