Nvidia Executed a 10-for-1 Stock Split. Here’s What Happened the Last 5 Times the Artificial Intelligence (AI) Stock Split.

1. What was announced by NVIDIA? Our common stock will undergo a forward split at a ratio of ten to one. We also announced a
150% increase to our quarterly cash dividend, from $0.04 per share to $0.10 per share. The
increased dividend is equivalent to $0.01 per share on a post-split basis and will be paid on June
28, 2024, to all shareholders of record on June 11, 2024.
2. Why is NVIDIA doing a stock split?
Given the significant appreciation of the company’s share price in recent years, the stock split is
aimed at making stock ownership more accessible to investors and employees. 3. Why is NVIDIA increasing the dividend?
The dividend is increasing to ensure stockholders receive at least $0.01 per share in quarterly
dividends.
4. How does the increase to the dividend impact NVIDIA’s capital return strategy?
Our share repurchase program is our primary method of returning capital to shareholders. Our
share repurchase program aims to offset dilution from shares issued to employees. We may
pursue additional share repurchases as we weigh market factors and other investment
opportunities.
Our cash dividend program and the payment of future cash dividends are subject to our Board of
Directors’ continuing determination that the dividend program and the declaration of dividends
are in the best interests of our stockholders.
5. How will the stock split work?
The filing of an amendment to our Restated Certificate of will result in the split. Incorporation, which will result in a proportionate increase in the number of shares of our
authorized shares of stock Each record holder of common stock as of the close of market on
Nine additional shares of common stock will be distributed on June 6, 2024, Thursday. after the close of market on Friday, June 7, 2024. Trading is expected to commence on a splitadjusted basis at market open on Monday, June 10, 2024.
6. Will the stock split change the total value of my shares?
The stock split will not change the total value of your shares. The total value after splitting will be equal to the total pre-split value.
7. How does the stock split make NVIDIA shares more affordable?
As the trading price of the company’s shares will be divided by ten, the company’s employees and
investors can purchase and hold the company’s common stock at a more affordable price.
8. How did NVIDIA determine the ten-for-one split ratio?
We believe the ten-for-one split ratio puts the stock at a trading price that is more affordable to
employees and investors.
9. Is it true that my NVIDIA stock will lose value as a result of the stock split because there will be more shares?
The stock split will not dilute the value of the company’s common stock. Each stockholder will
have the same proportionate interest of the company’s common stock before and after the stock
split.
10. What are the important dates related to the stock split and dividend increase?
June 7, 2024 Effective Split
Date
The date each record holder of common stock will
receive nine additional shares of common stock, after
the close of market.
June 10, 2024 Post-Split Date The date on which trading is expected to commence on
a split-adjusted basis.
June 11, 2024 Ex-Dividend Date Investors who purchase our common stock prior to this
date will receive the quarterly cash dividend (declared
on May 22, 2024) on June 28, 2024.
June 28, 2024 Dividend
Payment Date
The date of NVIDIA’s next quarterly cash dividend
payment, which will be $0.01 per share on a splitadjusted basis
11. Will I receive the cash dividend?
All stockholders of record at the close of market on June 11, 2024, will receive the cash dividend
(declared on May 22, 2024) on June 28, 2024. The cash dividend will be paid on a split-adjusted
basis.
12. When will I receive the additional stock split shares?
The additional stock split shares will be distributed after the close of market on June 7, 2024 and
should be available in your account by June 10, but brokerage processes may vary. Please
contact your broker if you experience any issues or delay with your stock split shares.
13. What should I do with the NVIDIA stock certificate I already have? Existing stock certificates are still valid. Additional stock split shares will be issued in book-entry
form.
14. Do I need to take any action to receive the additional stock split shares?
No action is required by you. All brokers holding NVIDIA shares will adjust accounts for the split.
15. What happens to fractional shares?
Investors who trade in fractional shares should consult their brokerage firms. NVIDIA will not
issue any fractional shares in connection with the stock split.
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16. Will the par value change?
The par value will remain at $0.001 per share for both the old (pre-split) and new (post-split)
shares.
17. When can I trade my additional stock split shares?
Visibility and trading of your additional stock split shares is scheduled to be available on June 10,
2024.
18. What happens if I sell shares on or before June 7, 2024?
The split is effective after the close of market on June 7, 2024. If you sell your shares on or before
June 7, 2024, you will not receive the additional stock split shares regardless of the sale
settlement date.
19. Will future declared quarterly cash dividends apply to my new shares?
Yes, future declared quarterly cash dividends, if any, will apply to all outstanding common stock.
20. Will I have tax consequences as a result of the stock split?
NVIDIA is unable to offer tax advice. Stockholders should consult with their tax advisor regarding
specifics in their particular circumstances. Below is some general information.
The stock split is generally not taxed under U.S. federal tax laws. Stockholders should consult
with their personal tax advisors regarding any state, local or other tax consequences.
The total value of your shares won’t change due to the split, but if you pay taxes in a country
other than the U.S., you’re strongly encouraged to confirm with your tax advisor any tax
implications of the split. It is possible that the distribution of the additional shares as a result of
the split could be viewed as a taxable event in some countries.
NVIDIA is unable to provide you with tax advice. You should consult with your own personal tax
advisor to determine whether the stock split entails the payment of any taxes.