Reported 5 months ago
Nvidia recently announced a 10:1 stock split and a 150% dividend raise, making its shares the ninth most expensive in the S&P 500. Stock splits have been a recent trend among companies, with eight announcing splits this year. Bank of America analysts found that on average, companies that enact stock splits see a 25% return one year post-split, compared to about 12% for the broader market. While some companies experience significant gains post-split, others may see negative returns due to challenging macro environments.
Source: YAHOO