5/21, 3:33 PM (Source: TeleTrader)
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Nvidia reveals four-for-one stock split

Nvidia Corporation announced on Friday that the company's board of directors revealed a four-for-one common stock split "in the form of a stock dividend to make stock ownership more accessible to investors and employees."

For the move to materialize, Nvidia's stockholders will have to approve raising "the number of authorized shares of common stock to 4 billion shares" at their 2021 Annual Meeting on June 3.

"If approval is obtained, 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, to be distributed after the close of trading on July 19, 2021. Trading is expected to begin on a stock split-adjusted basis on July 20," the company explained.

Breaking the News / MS