Apple Stock Split Cutoff Date
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Apple stock split cutoff date. Reflects first date shares trade on a split adjusted basis. Apple s stock has split four times since the company went public. A 4 for 1 split means that three additional shares of stock are issued for each share in existence on the record date of august 24 2020. Aapl stock which closed thursday at 384 76 should go for around 100 a share when the split.
2 trillion market cap is in sight. The split ex date is the date the stock starts trading at the new adjusted split price. Apple s board of directors has approved a four to one stock split the company said thursday. If you pay 440 per share for apple stock pre split you need to note in your records that after the split happens you ll have four times as much stock with a cost basis of 110 per post split share.
Apple stock split key dates. The stock split on a 7 for 1 basis on june 9 2014 and split on a 2 for 1 basis on february 28 2005 june 21 2000 and june 16 1987. When technology giant apple aapl reported its. In a nutshell anyone who purchased apple stock prior to the june 9 2014 effective date of the 7 for 1 split would have received six new shares.
Let s assume that as of the record date august 24 2020 an investor owns 100 shares of apple common stock and that the market price of apple stock is 400 per share so that the investment in apple is worth 40 000. Shares to split four for one at the end of this month. The stock surged over 86 to hit 293. Apple issued a 7 for 1 stock split in 2014 after its share.
Apple nasdaq aapl was the dow s best performer in 2019. If the price was at 90 and the split is two for one the price is halved to 45. On july 30 apple announced a four for one split and trading will begin on a split adjusted basis on august 31. Split day has been good the week after not so much.
If the stock of the iphone maker mimics its 2019 growth apple could be heading for a split in 2020 six years after the last one. Reverse split case study.