Apple Approves Four-for-One Stock Split to Lower Share Price
Apple announces a four-for-one stock split that makes individual shares more affordable for everyday investors. The technology giant distributes the new shares at the end of August.
Apple announces a four-for-one stock split during its latest fiscal third-quarter earnings report. This move gives every current shareholder three additional shares for each one they own. The decision mirrors a similar strategy Apple used in 2014 when it executed a seven-for-one split to lower its trading price.
This split is a cosmetic change that does not alter the fundamental value or overall market capitalization of the company. However, it significantly drops the price of a single share to make Apple stock accessible to a much larger number of everyday investors. With shares currently trading above $380, the split brings the cost of a single share down to approximately $100.
The company distributes the additional shares to shareholders at the close of business on August 24. Trading on a split-adjusted basis begins on August 31, marking the fifth stock split in Apple's history as a public company.