Apple Announces Four-for-One Stock Split
Apple's Stock to Become More Affordable
Holders of Apple shares will soon receive four times as many shares as they currently own.
Apple's Board of Directors has approved a four-for-one stock split, effective August 24, 2020. This means that each shareholder will receive an additional three shares of Apple stock for every share they currently own. The split will increase the number of Apple's outstanding shares from 4.27 billion to 17.1 billion.
The stock split is a move by Apple to make its shares more affordable to a wider range of investors. Apple's stock is currently trading at over $400 per share, which is out of reach for many individual investors. The stock split will reduce the price of Apple's shares to around $100 per share, making them more accessible to smaller investors.
Apple has split its stock four times in its history, with the most recent split occurring in 2014. The company has said that it believes stock splits are a good way to reward shareholders and make its stock more accessible to a wider range of investors.
Comments