So it says you have to be on record as a shareholder June 21, you'll get the extra share July 19, and July 20 it starts trading at 75% the price. ![]() So the way I read that is the price drops 75% on July 20. ![]() "Trading is expected to begin on a stock split-adjusted basis on July 20." What about June 22? Because then they say this statement: The way I take that is you have to be a stockholder on June 21. "If approval is obtained, each NVIDIA stockholder of record at the close of business on June 21, 2021, will receive a dividend of three additional shares of common stock for every share held on the record date, to be distributed after the close of trading on July 19, 2021." Its more the dates that I am confused about. What? Thats not how I read their press release. The split is generally intended to help make the stock more affordable to a wider range of retail investors. I called TD Ameritrade, and their corporate action department said the ex date is July 19 and you just need to hold it by July 19 and the record date doesn't matter to get the split. Companies typically initiate stock splits when their share price has risen to an unusually high level. So does this mean I have to own it on June 21 to get the split? And it trades at the new split price July 20? So what if you buy it June 22, are you paying ~$700 for it to trade at the new price July 20 of ~$175 and not eligible for the split? NVIDIA - NVDA Stock Forecast, Price & News 115.86 -0.84 (-0.72) (As of 12:00 AM ET) Today's Range 112.83 118.46 50-Day Range 115.86 192.15 52-Week Range 112.83 346.47 Volume 66.44 million shs Average Volume 55.68 million shs Market Capitalization 288.49 billion P/E Ratio 37.99 Dividend Yield 0.14 Price Target 214. Trading is expected to begin on a stock split-adjusted basis on July 20." "If approval is obtained, each NVIDIA stockholder of record at the close of business on June 21, 2021, will receive a dividend of three additional shares of common stock for every share held on the record date, to be distributed after the close of trading on July 19, 2021. So here is the wording on NVDA on their press release
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