Nvidia Stock Split: What Investors Need to Know

Nvidia Stock Split: What Investors Need to Know

Nvidia stock ($NVDA) will undergo its sixth stock split, with shares trading at a tenth of the price starting June 10, 2024. Before Call for first quarter 2024 results On May 22, 2024, when the split was announced, NVDA closed at $949.50. Since then, the stock has reached all-time highs, crossing the $1,150 mark. While the split price will officially come into effect on June 10, 2024, investors need to hold shares before market close (4 p.m. ET) on June 6, 2024 to receive new shares in the spin-off.

Management also announced a 150% increase in cash dividends – from $0.04 per share to $0.10 per share – which will ultimately yield a $0.01 per share dividend on the post-split stock. Here’s what investors need to know about receiving split shares and dividends from Nvidia.

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Why is Nvidia splitting its shares?

Nvidia coming soon stock split follows a stock price of approximately 5 times since the last split, which began trading on June 21, 2021. Investors will not receive any additional value or voting power, but will allow employees and investors individuals to invest in the company with greater flexibility. price. Usually, a stock split is viewed by investors as a bullish signal, assuming that management sees a bright financial future for the company, even if it does not represent a material change in the company’s operations .

Dates to Know for Nvidia Stock Split and Dividend

Stock split

  • June 6, 2024, 4 p.m. ET: Own shares of $NVDA at this time that will be issued at the time of the split.

  • July 7, 2024, 4 p.m. ET: This is the last day of trading of the contemporary float (number of shares) and stock price. Brokerages may adjust your account beyond this period.

  • June 10, 2024, 9:30 a.m. ET: Market opens with a 10x float and 1/10th price on $NVDA.


Nvidia pays dividends quarterly. The increased dividend, which at the time of the next dividend will be adjusted based on the split, will be issued at $0.01 per share.

  • June 11, 2024, 4 p.m. ET: Own shares of $NVDA at this time to be considered a shareholder of record and receive dividends for that quarter.

  • June 28, 2024: Dividends will be distributed on this date to eligible shareholders.

A financial advisor can help you determine if $NVDA is an appropriate investment for your goals. Talk to a financial advisor today.

How the split will work

For every share of $NVDA you own before 4 p.m. ET on June 6, you will receive nine additional shares after the market closes on June 7. The closing stock price on that day will be divided by ten to get the new stock price. Your shares will have the same value before and after the split. It’s simply a different way of dividing your share of ownership. Shares will begin trading at the split-adjusted price when the market opens on Monday, June 10, 2024.

For example, if the stock closes at $1,150 on June 7, it would hypothetically open at a price of $115 (but with 10 times the number of shares outstanding).

You will likely see adjustments in your brokerage account between the market close on June 7 and the market open on the 10th. You do not need to take any action to split your shares.

Nvidia Stock Split History

Nvidia IPO in 1999. This will be its sixth stock split since then.

Splits include:

  • 06/10/2024: 10 for 1

  • 07/20/2021: 4 for 1

  • 09/11/2007: 3 for 2

  • 04/07/2006: 2 for 1

  • 09/12/2001: 2 for 1

  • 06/27/2000: 2 for 1

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What else awaits Nvidia investors?

Nvidia’s annual shareholder meeting is scheduled for June 26, 2024 at 9 a.m. CT. Investors may be able to vote their shares proxies through their brokerage. You can access the annual general meeting as well as a recording of the quarterly results on Nvidia Investor Relations Page.


Photo credit: ©iStock.com/SvetaZi

This is not an offer to buy or sell any securities or interests. All investments involve risks, including loss of principal. This article is for informational purposes only and is not intended to provide legal advice, tax advice, accounting advice or financial advice. Before making a final decision or implementing any financial strategy, you should consider obtaining additional information and advice from your accountant or other financial advisors who are fully aware of your individual situation. SmartAsset’s services are limited to directing users to third-party advisors registered or approved as fiduciaries (“Advisor(s)”) with a regulatory body in the United States who have elected to participate in our staking platform. in relation based on information collected from users via our online site. quiz. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors.

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