NVIDIA Announces Stock Split and Quarterly Dividend Increase
Stock Split
NVIDIA Corporation (NASDAQ: NVDA) announced today 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 stock split is expected to become effective on July 20, 2023, for shareholders of record at the close of business on July 10, 2023.
Details of the Stock Split
Under the terms of the stock split, each NVIDIA shareholder of record as of the close of business on July 10, 2023, will receive three additional shares of NVIDIA common stock for each share they own. The new shares will be distributed on July 20, 2023.
Quarterly Dividend Increase
In addition to the stock split, NVIDIA also announced an increase in its quarterly cash dividend from $0.04 per share to $0.10 per share. The increased dividend is payable on August 23, 2023, to shareholders of record at the close of business on July 28, 2023.
Conclusion
NVIDIA's stock split and dividend increase are positive signals for shareholders. The stock split makes NVIDIA's shares more accessible to a broader range of investors, while the dividend increase provides shareholders with a steady stream of income. These actions demonstrate NVIDIA's commitment to delivering value to its shareholders and its confidence in its future growth prospects.
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