When Is Apple Splitting
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.
When is apple splitting. A stock split is a rare event for apple and most companies. With apple s shares trading around 400 in the after hours the new price for holders will be around 100 when it begins trading on a split adjusted basis on august 31. The split brought shares of apple to about 92 a share. In 1987 2000 and 2005 the stock was split on a 2 for 1 basis.
Shareholders at the close of trading on aug. 24 will receive three additional. Apple s last split was announced on april 23 2014. If you own a share of apple on august 24 the stock split will get you three more according to the wall street journal.
Since going public in 1980 apple s stock has split four times. That split was a 7 for 1 split and a big buyback program was announced at the same time. What apple s 4 for 1 stock split means. Apple enacted 2 for 1 stock splits in 1987 2000 and 2005 as well as a 7 for 1 stock split in 2014.
Apple nasdaq aapl was the dow s best performer in 2019. Apple s move is not. On august 31 trading will begin. In june 2014 the cupertino calif company split the stock on a 7.
And its announcement thursday that it s splitting its stock 4 for 1 is a classic. The stock surged over 86 to hit 293. At the time apple was trading above 600 per share. Announced a 4 for 1 stock split after shares of the iphone maker surged more than 80 in the past year.
Has become an immensely successful company by going its own way and disregarding conventional wisdom.