Happy Fin-Friday! The Nvidia stock is now one of the big 3 in the S&P 500. We've talked about Nvidia earnings and how much the stock price has soared just this year. Now they have announced a stock split and a dividend increase from $0.04 per share to $0.10 per share.ย Let's demystify stock splitting. ๐ฎ
A type of corporate action that changes the cost of a stock.
According to their โ 2024 Stock Split FAQโ the stock split is intended to make stock ownership more accessible to employees and investors.
Investor Relations
You can look at the investor relations for any company on their website to see the history of things like how many times they have done a stock split (for example, Nvidia has split their stock 6 times now).
Let us know your questions around stock splitting or any other investing topic. And as always, keep learning, keep earning, and keep breaking barriers!
xoxo,
Fin-Mom & Fin-Auntie