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Nvidia Announces Stock Split and Dividend Increase

Stock Split to Make Shares More Accessible

Nvidia Corporation (NVDA) announced on Wednesday that its board of directors has declared a 10-for-1 split of the company's common stock. This split will be effected through a stock dividend, which will be distributed to shareholders on July 21, 2023.

Share Price Adjustment

As of Wednesday's closing price of $949.50, each share of Nvidia's common stock will be worth approximately $94.95 after the split. This will make the stock more affordable and accessible to a wider range of investors.

Dividend Increase

In addition to the stock split, Nvidia also announced a 150% increase in its quarterly dividend. The dividend will now be $0.10 per share, up from $0.04 previously. The increased dividend will be payable on July 29, 2023, to shareholders of record as of July 7, 2023.

Conclusion

Nvidia's stock split and dividend increase are significant announcements that demonstrate the company's commitment to returning value to shareholders. The split will make the stock more affordable for investors, while the dividend increase will provide shareholders with a steady stream of income. These announcements have been met with positive sentiment in the market and have the potential to drive Nvidia's stock price even higher in the future.

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