After publishing its financial results, Apple announced a stock split. This means that the AAPL shares have been divided into 4. To put it simply, the investor who owns 1 AAPL share until then will own 4, from the moment the stock split becomes effective, i.e. on August 24.
But be careful, the value is also divided at the same time. So, by owning an AAPL stock at $400, after stock split, you will have 4 at $100.
This is not the first operation of this type that Apple has carried out on the stock market. The last stock split took place in 2014. And before that, there were three other splits which allowed early investors to multiply the number of Apple shares by 2 in 1987, then 2 in 2000, then again 2 in 2005.
One of the main goals of the maneuver is to make the action more attractive on the market, because it is much more financially accessible.
© Yahoo! Finance
Apple and the stock market are going well
Remember that Apple shares gained $2.58 in the second quarter of 2020, as the Californian firm specified in its quarterly financial report published yesterday, and which we summarized in our columns. It reached a value of $400 a few hours after the results were published. At the same time, Apple's stock market value is increasing and is approaching $1,700 billion. Remember that analysts are counting on the stock market value exceeding $2,000 billion by 2024. Suffice to say that it is on the right track.
Finally, as a reward for investors following these good results, the American company announced that it will pay a dividend of $0.82 per share.
Who among you owns one or more AAPL shares?
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Editor-in-chief for iPhon.fr. Pierre is like Indiana Jones, looking for the lost iOS trick. Also a long-time Mac user, Apple devices hold no secrets for him. Contact: pierre[a]iphon.fr.
