NVidia to split shares to make them more attractive
Nvidia has announced a share split. That was announced by the American computer hardware company Friday afternoon before the opening of NASDAQ.
The share will be split into four new shares, in order to make the share more attractive for investors and employees, according to Nvidia.
The division will be done by means of a dividend distribution in shares.
After the operation, there will be 4 billion shares of Nvidia outstanding. However, shareholders still have to give permission for the division. For this purpose, Nvidia is organizing a shareholders ‘ meeting on 3 June.
At opening, the stock is likely to win nearly 4 percent.