Apple to Split One Share into Four...First Stock Split in 6 Years

The Fifth Stock Split in History
Attracting More Investors to Secure Potential for Stock Price Increase

[Image source=Reuters Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] On the 30th (local time), Apple decided to split its existing shares, dividing one share into four. This marks the fifth stock split in the company's history.

According to CNBC and others, Apple announced that this agenda was approved at the board meeting held that day.

On that day, Apple's stock price closed at $384.76, and after the split, the price per share will be approximately $96.19.

So far, Apple has conducted stock splits starting with a 2-for-1 split on June 16, 1987, followed by another 2-for-1 split on June 21, 2000, a 2-for-1 split on February 28, 2005, and most recently, a 7-for-1 split on June 9, 2014.

The stock split allows Apple’s shares to have additional room for price appreciation. Since investors can invest with relatively smaller amounts, it can attract more investors.

The additional shares will be distributed to shareholders after the market closes on July 24, and trading of the split shares will begin on August 31.

This content was produced with the assistance of AI translation services.