When Is Apple Stock Split Happening

Understanding apple s 4 for 1 stock split.

When is apple stock split happening. Apple s board of directors has approved a four for one stock split to. One share owned before apple s first split in 1987 would turn into 224 shares next month once the split happens. Apple and tesla arguably two of the market s most popular companies both announced stock splits in recent weeks. In june 2014 the cupertino calif company split the stock on a 7.

While apple has enacted stock splits amazon which has seen its stock price rocket. The board of directors has also approved a four for one stock split to make the stock more accessible to a broader base of investors. The tech company split its stock on a 2 for 1 basis in 1987 2000 and 2005. Since going public in 1980 apple s stock has split four times.

Are these maneuvers good or bad for investors. The split brought shares of apple to about 92 a share. Apple says that this move is to make the stock more accessible to a larger pool of investors. In 1987 2000 and 2005 the stock was split on a 2 for 1 basis.

At the time apple was trading above 600 per share. Then the seven for one stock split took effect lowering the price to approximately 94. 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. When trading stopped shares were priced at 645 57.

Split adjusted trading of apple s stock will begin on august 31. It follows a similar move apple made in 2014 when it offered a 7 to 1 stock split. Apple s upcoming stock split will be its fifth since going public. 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.