Apple Announces Four-for-One Stock Split
Board of Directors Approves Latest Division
Technology giant Apple has announced that its Board of Directors has approved a four-for-one stock split, effective August 31st, 2020. This marks the company's fifth stock split since its initial public offering in 1980.
History of Apple Stock Splits
Apple has a long history of stock splits, which have played a significant role in creating wealth for its shareholders. The company's first stock split occurred in 1987, when it divided its shares on a two-for-one basis. This was followed by a three-for-two split in 1997, a two-for-one split in 2000, and a seven-for-one split in 2005.
The latest stock split brings the total number of shares outstanding to approximately 17 billion. The record date for the split is August 24th, 2020, and shareholders of record on that date will receive three additional shares for each share they own.
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