Company Aims To Increase Shareholder Base And Employee Stock Ownership

NVIDIA Announces 4-for-1 Stock Split to Enhance Accessibility

Company Aims to Increase Shareholder Base and Employee Stock Ownership

Split Effective June 7, 2019

NVIDIA Corporation (NASDAQ: NVDA) has unveiled plans for a 4-for-1 stock split in the form of a stock dividend. The move is intended to make the company's stock more affordable and accessible to employees and investors.

The board of directors has approved the split, which will take effect on June 7, 2019. Shareholders of record as of market close on Thursday, May 30, 2019, will receive an additional three shares for every one share they own.

"We believe that this action will make our stock more attractive to a broader range of investors and will also provide our employees with a more accessible opportunity to benefit from our long-term growth," said Jensen Huang, NVIDIA's CEO.

The stock split will not impact the underlying value of NVIDIA's shares. However, it is expected to increase the trading volume and liquidity of the stock, making it more attractive to investors.

NVIDIA's recent financial performance has been strong, with the company reporting record revenue and earnings for the first quarter of 2019. The company's shares have also performed well, rising over 40% in the last 12 months.

The stock split announcement is a sign of NVIDIA's confidence in its future prospects. The company is expected to continue to benefit from the growing demand for artificial intelligence (AI) and high-performance computing (HPC).