Nvidia Announces 10-for-1 Stock Split. Here's Why Nvidia's Stock Split Could Lead to Big Gains for Investors. from the meaning of narrative Watch Video
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⏲ Duration: 0:40 👁 View: 19.4M times ✓ Published: 25-May-2024
Description: Nvidia announced plans to split its stock 10-for-1, meaning existing shareholders will receive 10 shares of Nvidia for every 1 they own at a price of 10% of the market value. Historically, stocks tend to perform well after a stock split, with an average return of more than 25% in the 12 months following a split. Nvidia also announced a significant increase to its dividend, hiking it from $395 million annually to nearly $1 billion annually. Nvidia's stock has massively outperformed the market recently, gaining over 2,600% in 5 years versus 120% for the Nasdaq.