Pinterest
Apple Announces Four-for-One Stock Split
Apple Approves Stock Split to Increase Number of Common Shares
Split to Take Effect on August 24, 2023
Apple has announced that its Board of Directors has approved a four-for-one stock split, effective August 24, 2023. The stock split will increase the number of common shares outstanding by a factor of four, making the stock more accessible to investors. This is the fifth stock split in Apple's history.
The split was originally announced on July 30, 2023, and requires shareholder approval. The company's shareholders approved the split at their annual meeting on August 3, 2023.
Apple's stock has performed well in recent years, and the stock split is likely to further increase demand for the shares. As of June 7, 2024, Apple's stock price was around $400 per share. After the split, the stock price will be around $100 per share.
Analysts believe that the stock split is a positive sign for Apple and that the company is likely to continue to perform well in the future. The split will make Apple's stock more affordable to investors, which could lead to increased demand and higher share prices.
Pinterest
Komentar