Nvidia Announces 10-for-1 Stock Split, Increases Dividend
Breaking News: Nvidia to Split Stock, Boost Dividend
Summary:
Tech giant Nvidia has announced a 10-for-1 stock split, scheduled to take effect in June. The move will make Nvidia's stock more affordable and accessible to investors.
In addition to the stock split, Nvidia also announced a 150% increase in its quarterly dividend, from $0.04 to $0.10 per share. This increase reflects the company's strong financial performance and its commitment to returning value to shareholders.
Nvidia's stock split is the fourth by a "Magnificent 7" big tech company since 2022, following similar moves by Amazon, Alphabet, and Tesla.
At the current share price of $949.50, the stock split would result in each share being worth approximately $94.95, making it more attractive to smaller investors.
The split and dividend increase are seen as positive developments for Nvidia's shareholders and indicate the company's confidence in its long-term growth prospects.
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