Nvidia Announces 10-for-1 Stock Split. Here's Why Nvidia's Stock Split Could Lead to Big Gains for Investors.
Nvidia announced plans to split its stock 10-for-1, meaning existing shareholders will receive 10 shares of Nvidia for every 1 they own at a price of 10% of the market value. Historically, stocks tend to perform well after a stock split, with an average return of more than 25% in the 12 months following a split. Nvidia also announced a significant increase to its dividend, hiking it from $395 million annually to nearly $1 billion annually. Nvidia's stock has massively outperformed the market recently, gaining over 2,600% in 5 years versus 120% for the Nasdaq.
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00:00 It's Benzinga and here's what's on the block.
00:02 NVIDIA announced plans to split its stock 10 for 1 meaning existing shareholders will receive 10
00:07 shares of NVIDIA for every 1 they own at a price that is 10% of the market value.
00:12 Historically, stocks tend to perform well after a stock split with an average return of more than
00:17 25% in the 12 months following a split. NVIDIA also announced a significant increase to its
00:22 dividend, hiking it from $395 million annually to nearly $1 billion annually.
00:28 NVIDIA's stock has massively outperformed the market in recent years, gaining over 2600%
00:33 in 5 years versus 120% for the NASDAQ. For all things money visit Benzinga.com