Nvidia Stock to Split 10-for-1, Trading to Begin on Split-Adjusted Basis June 7
Stockholders to Receive Nine Additional Shares for Every 10 Shares Held
Split Highlights Company's Strong Financial Performance and Growth Prospects
Santa Clara, Calif., May 25, 2023 - NVIDIA (NASDAQ: NVDA) today announced that its board of directors has declared a 10-for-1 split of the Company's common stock in the form of a stock dividend. The stock split is intended to make NVIDIA's stock more accessible to a broader range of investors.
The stock split will be effected in the form of a stock dividend, with each NVIDIA stockholder of record as of the close of business on June 1, 2023, receiving nine additional shares of NVIDIA common stock for every 10 shares of NVIDIA common stock held on that date. The new shares will be distributed on June 7, 2023. Trading of NVIDIA's common stock on a split-adjusted basis is expected to commence when the market opens on June 7, 2023.
"NVIDIA's strong financial performance and growth prospects have created significant value for our stockholders," said Jensen Huang, NVIDIA's founder and CEO. "This stock split is a reflection of our commitment to making NVIDIA's stock more accessible to a broader range of investors."
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