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Apple Announces 4-for-1 Stock Split

Three Things to Know About Apple's Stock Split

1. Apple has not split its stock in six years.

Apple's last stock split was in 2014, when it announced a 7-for-1 split. Prior to that, Apple had split its stock in 2005, 2008, and 2012.

2. The stock split will take effect on August 24, 2020.

Apple shareholders of record as of August 24, 2020 will receive three additional shares of Apple stock for every share they own. The stock will begin trading on a split-adjusted basis on August 31, 2020.

3. The stock split is not expected to have a major impact on Apple's business.

Stock splits are typically done to make a stock more affordable to investors. Apple's stock has been trading at around $400 per share in recent months, which may be too expensive for some investors. The stock split will reduce the price of Apple's stock to around $100 per share, making it more accessible to a wider range of investors.

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