Nvidia Stock Split Date 2024:10-for-1 Stock Split Announced by the Company
Nividia Stock Split Date 2024 will commence on June 6th and end on June 7th and trading will start on June 10th with this new split basis.
by Damodharan N
Updated May 24, 2024
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Nvidia
NVIDIA, a pioneering force in accelerated computing since its inception in 1993, continues to redefine industries with its groundbreaking work in AI and digital twins. Led by founder and CEO Jensen Huang, the company boasts over 27,000 employees across 50+ locations globally.
NVIDIA's innovations, including the invention of the GPU in 1999, have reshaped PC gaming, computer graphics, and modern AI, driving digital transformation across various sectors.
Its technology powers services for leading companies like Alibaba, Amazon, Google, and Meta. the company due to its GPU plays a key role in significant contributions to large language models.
Nvidia Stock Split Date 2024
Nividia announced its Stock split on May 22nd, 2024 in which the company stated a 10-1 stock split which will be enabled through a Restated Certificate of Incorporation. This will make a proportionate increase in the number of shares available for the common stock.
The record date for this is June 6, 2024 on that day people who are holding the stock will receive the nine additional shares of stock before the end of the close of the market on June 7th and the trading will start on June 10th with this new split basis.
The main reason among the analysts for the split is that they will make each share cheaper for retail investors. Make it more attractive for the people who cannot otherwise buy stock because of its price.
Nvidia Stock Split History
Nivida Stcok has been split 5 times since the 2000’s the first such split happened in 2000. In those initial days, the splits were in the 2:1 range. The latest split happened in 2021 with a split of 4:1.
For this financial year of 2025, the company has announced the biggest split with 10: 1 due to increased anticipation and market edge with the case of Nvidia being a top player in GPU producers which plays key role with AI generators.
|
Date |
Split |
Multiple |
|
2021-07-20 |
4:1 |
x4 |
|
2007-09-11 |
3:2 |
x1.5 |
|
2006-04-07 |
2:1 |
x2 |
|
2001-09-12 |
2:1 |
x2 |
|
2000-06-27 |
2:1 |
x2 |
Nvidia Stock Dividend
NVIDIA is raising its quarterly cash dividend by 150%. This means the amount paid per share of common stock is increasing. The new dividend will be paid on Friday, June 28, 2024. Shareholders who own NVIDIA stock as of Tuesday, June 11, 2024, will receive this dividend. The last dividend was announced on the 11/21/2023
|
Ex-Dividend Date |
Type |
Cash Amount |
Declaration Date |
Record Date |
Payment Date |
|
03/05/2024 |
Cash |
$0.04 |
02/21/2024 |
03/06/2024 |
03/27/2024 |
|
12/05/2023 |
Cash |
$0.04 |
11/21/2023 |
12/06/2023 |
12/28/2023 |
|
09/06/2023 |
Cash |
$0.04 |
08/23/2023 |
09/07/2023 |
09/28/2023 |
|
06/07/2023 |
Cash |
$0.04 |
05/24/2023 |
06/08/2023 |
06/30/2023 |
|
03/07/2023 |
Cash |
$0.04 |
02/22/2023 |
03/08/2023 |
03/29/2023 |
Nvidia Quarter Results
Nvidia released its Q1 Fiscal 2025 on May 22nd in which the company has done exceptionally well Below are the company results know them below. The results are given in two formats with generally accepted auditing principles (GAAP)and the other is Non-GAAP which means company can use its own metric to measure that suits them.
GAAP Results
|
Metric |
Q1 FY25 |
Q1 FY24 |
Q/Q |
|
Revenue |
$26,044 |
$7,192 |
Up 18% |
|
Gross Margin |
78.4% |
64.6% |
Up 2.4 pts |
|
Operating Expenses |
$3,497 |
$2,508 |
Up 10% |
|
Operating Income |
$16,909 |
$2,140 |
Up 24% |
|
Net Income |
$14,881 |
$2,043 |
Up 21% |
|
Diluted Earnings per Share |
$5.98 |
$0.82 |
Up 21% |
Non-GAAP Results
|
Metric |
Q1 FY25 |
Q1 FY24 |
Q/Q |
|
Revenue |
$26,044 |
$7,192 |
Up 18% |
|
Gross Margin |
78.9% |
66.8% |
Up 2.2 pts |
|
Operating Expenses |
$2,501 |
$1,750 |
Up 13% |
|
Operating Income |
$18,059 |
$3,052 |
Up 22% |
|
Net Income |
$15,238 |
$2,713 |
Up 19% |
|
Diluted Earnings per Share |
$6.12 |
$1.09 |
Up 19% |
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Nvidia Stock Split Date 2024 - FAQs
1. What is NVIDIA's stock split date for 2024?
NVIDIA's stock split date for 2024 is June 6th, with trading on the new split basis beginning on June 10th.
2. How does NVIDIA's stock split work?
NVIDIA's stock split is a 10-for-1 split, meaning for every one share held, shareholders will receive nine additional shares.
3. Why did NVIDIA decide to split its stock?
NVIDIA aims to make its shares more affordable for retail investors by lowering the price per share through the stock split.
4. What is the history of NVIDIA's stock splits?
NVIDIA has undergone five stock splits since the 2000s, with the latest split being in 2021 at a ratio of 4-for-1.
5. How is NVIDIA's dividend changing?
NVIDIA is increasing its quarterly cash dividend by 150%, raising the amount paid per share of common stock.
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