Apple Splitter

Apple s last split was announced on april 23 2014. Since apple stock currently trades above 380 it means. Apple on thursday announced in its fiscal third quarter earnings that the board of directors has approved a four for one stock split.

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This would make the fifth time the iphone maker split its stock and the first time.

Apple splitter. Apple enacted 2 for 1 stock splits in 1987 2000 and 2005 as well as a 7 for 1 stock split in 2014. A stock split is a rare event for apple and most companies. Shareholders at the close of trading on aug. Apple announced in its third quarter earnings call on july 30 that it had approved a four for one stock split.

But besides announcing a record quarter apple also announced it will split its stock in a 4 to 1 offering come august. On august 31 trading will begin. What apple s 4 for 1 stock split means. 24 will receive three additional.

If you own a share of apple on august 24 the stock split will get you three more according to the wall street journal. That split was a 7 for 1 split and a big buyback program was announced at the same time. One share owned before apple s first split in 1987 would turn into 224 shares next month once. Announced a 4 for 1 stock split after shares of the iphone maker surged more than 80 in the past year.