Six years after Apple had its latest division, the company has announced that a four-to-one stock split will be held on August 24.
Apple’s Board of Directors approved a four-for-one stock split, “to make stocks more accessible to a broader investor base,” the company says. Each registered Apple shareholder at the close of business on August 24, 2020 will receive three additional shares for each share held on the record date, and trading will commence in a split split adjusted on August 31, 2020.
This is in addition to a earnings report for a coronavirus-affected quarter that is well above Wall Street expectations.
“Our performance in the June quarter was strong evidence of Apple’s ability to innovate and execute in tough times,” said Luca Maestri, Apple’s CFO. “Record business results pushed our active base of installed devices to a record high in all of our geographic segments and all major product categories. We grew EPS by 18 percent and generated an operating cash flow of $ 16.3 billion over the course of the quarter, a June. fourth record for both metrics. ”
Apple has also declared a cash dividend of $ 0.82 per share of the Company’s common stock. The dividend will be paid on August 13, 2020 to shareholders of record at the close of business on August 10, 2020.
Apple’s latest division was announced on April 23, 2014. That division was a 7-for-1 division, and a major buyback program was announced at the same time.
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