Nvidia Stock to Trade Lower After Stock Split
Stock split to take effect on Monday
Nvidia stock (NVDA) will begin trading at a lower price on Monday due to a stock split that will take effect on Monday. The move is intended to make the company's stock more accessible to a wider range of investors.
Stockholders to receive additional shares
The stock split will result in each stockholder of record at the close of business on June 21, 2021, receiving a dividend of three additional shares for every one share they owned. This will result in a 4-for-1 split, meaning that the number of shares will increase by a factor of four while the share price will decrease by a factor of four.
Trading is expected to begin on a stock split-adjusted basis on July 20. Nvidia's 2021 Annual Meeting of Stockholders will take place virtually on July 19.
Conclusion
Nvidia's stock split is a significant event for the company and its investors. The move is intended to make the company's stock more accessible to a wider range of investors, which could lead to increased demand for the stock and a higher share price in the long term.
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