This, in turn, should push share prices up again.
The motive behind the stock split is to make the company’s stock more affordable to employees and retail investors, thus boosting demand for NVIDIA’s shares. NVIDIA’s shares are expected to start trading on a stock split-adjusted basis from Jul 20. These dividend shares will be distributed after the market closes on Jul 19. If approved, each NVIDIA shareholder will receive three additional shares for every share held as of Jun 21. The process of stockholder approval for the stock dividend will be held virtually on Jun 3, at the company’s 2021 Annual Meeting of Stockholders. NVIDIA ( NVDA Quick Quote NVDA - Free Report) recently declared a four-for-one common stock split in the form of a stock dividend, increasing the number of authorized shares of common stock to 4 billion.
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