Trading is expected to begin on a stock split-adjusted basis on July 20. If shareholders approve the plan, each Nvidia stockholder of record on June 21 will receive a dividend of three additional shares of common stock for every share held, to be distributed after the close of trading on July 19. With NVDA stock rallying, now is the time for investors to. The stock has gained 12% so far this year. Earnings per share (EPS) came in at 3.66 compared to the 3.28 that analysts had forecast. The shares jumped 3.1% as trading got underway in New York Friday.Ĭurrently Nvidia has about 622.4 million shares outstanding, valuing the company at $363.8 billion, based on Thursday’s closing share price of $584.50. The move, if approved, would increase the common stock to 4 billion shares. The split, in the form of a stock dividend, is subject to shareholder approval at the Santa Clara, California-based company’s annual meeting on June 3, Nvidia said in a statement Friday. shares jumped Friday after the graphics-chipmaker said it would split its shares 4-for-1 in an effort to make them more accessible to investors and employees.
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