Apple Stock Splitting
What apple s 4 for 1 stock split means.
Apple stock splitting. The split brought shares of apple to about 92 a share. The tech company split its stock on a 2 for 1 basis in 1987 2000 and 2005. Then it split its stock on a 7 for 1 basis in 2014. It follows a similar move apple made in 2014 when it offered a 7 to 1 stock split.
During its third quarter earnings results on thursday apple said that the company s board of directors approved a four for one stock split. Shareholders at the close of trading on aug. The last time apple split its stock was on june 9 2014. A stock split is a rare event for apple and most companies.
In june 2014 the cupertino calif company split the stock on a 7. Matter of fact apple has only split its stock four times since going public. Then the seven for one stock split took effect lowering the price to approximately 94. Apple enacted 2 for 1 stock splits in 1987 2000 and 2005 as well as a 7 for 1 stock split in 2014.
On august 31 trading will begin. Apple s upcoming stock split will be its fifth since going public. Here s what a stock split means for apple and investors. In 1987 2000 and 2005 the stock was split on a 2 for 1 basis.
24 will receive three additional. Announced a 4 for 1 stock split after shares of the iphone maker surged more than 80 in the past year. At the time apple was trading above 600 per share. When trading stopped shares were priced at 645 57.
If you own a share of apple on august 24 the stock split will get you three more according to the wall street journal.