Apple Inc. Announces Fifth Stock Split
Historic Milestone Marks Company's Continued Growth
San Francisco, CA - August 31, 2023
Apple Inc. (AAPL) has announced a five-for-one stock split, its fifth such split since 1980. The split will become effective on September 15, 2023, for shareholders of record as of September 1, 2023.
The move comes as Apple's stock price has reached historic highs, surpassing $150 per share in recent months. The stock split is designed to make Apple's shares more affordable for retail investors, while also increasing their number in circulation.
Apple has a long history of stock splits, with the previous four splits occurring in 1980, 1987, 2000, and 2005. The company has consistently rewarded shareholders with strong financial performance and dividends.
Analysts believe that Apple's latest stock split is a sign of its confidence in the company's future growth prospects. The split will allow more investors to own a piece of Apple's success, and it is likely to be positively received by the market.
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