Nvidia Announces Four-for-One Stock Split
Chipmaker Declares Stock Dividend to Make Shares More Accessible
SANTA CLARA, Calif. | July 28, 2022 —NVIDIA today announced that its board of directors has declared a four-for-one split of NVIDIA's common stock in the form of a stock dividend. The split is intended to make the company's shares more accessible to a broader range of investors.
The stock split will be effected in the form of a stock dividend, with each shareholder of record as of the close of business on August 22, 2022 receiving three additional shares of NVIDIA common stock for each share they own.
The new shares will be distributed on August 29, 2022. Trading of the new shares is expected to begin on August 30, 2022.
"We are pleased to announce this stock split," said Jensen Huang, founder and CEO of NVIDIA. "This action reflects the confidence we have in our long-term growth prospects and our commitment to making our shares more accessible to a broader range of investors."
NVIDIA's board of directors has also approved an increase in the number of authorized shares of common stock from 4 billion to 8 billion.
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