NVIDIA Stock Split: What Investors Need to Know

Nvidia (NVDA) stock underwent its sixth stock split, with shares trading at one-tenth the previous price starting June 10, 2024. Before the first-quarter fiscal 2025 earnings announcement on May 22, 2024, when the split was announced, NVDA closed at $949.50. Following the announcement, the stock reached all-time highs, breaching the $1,150 mark on a pre-split basis. The split took effect after market close on June 7, 2024, with shareholders of record as of market close (4 p.m. ET) on June 6, 2024, eligible to receive additional shares.

Management also announced a 150% increase in cash dividends (from $0.04 per share to $0.10 per share), which ultimately yielded a $0.01 per share dividend on the post-split shares. Here’s what investors need to know about how Nvidia’s stock split and accompanying dividend increase worked.

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Why Did Nvidia Split Its Stock?

Nvidia’s 2024 stock split came after a roughly fivefold increase in its stock price since the previous split, when shares began trading at a split-adjusted price on June 21, 2021. Investors didn’t receive any additional value or voting power, but the split allowed greater flexibility for employees and retail investors to invest in the company with more accessible pricing. Usually, a stock split is viewed by investors as a bullish signal, under the premise that management sees a promising financial future for the company, though it does not represent a material change in company operations.

Dates to Know for Nvidia’s Stock Split and Dividend

Stock split

June 6, 2024, 4 p.m. ET: The record date for Nvidia’s stock split, which determined the shareholders of record eligible to receive additional shares, subject to any subsequent sales before the split.
June 7, 2024, 4 p.m. ET: This was the last day of trading at the pre-split share price and share count. Additional shares were distributed after market close. Brokerages may have adjusted accounts beyond this time.
June 10, 2024, 9:30 a.m. ET: The market opened with 10 times the number of shares and one-tenth the pre-split price on NVDA.

Dividends

Nvidia pays dividends quarterly. The increased dividend, which was paid on a split-adjusted basis, was issued at $0.01 per share.

June 11, 2024: This was the record date and ex-dividend date for the quarterly dividend. Investors who purchased shares before this date were eligible to receive the dividend.
June 28, 2024: Dividends were paid out on this date to eligible shareholders.

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How the Split Worked

For any shares of NVDA that you owned and held through market close on June 7, 2024, you were issued nine additional shares after the market closed that day. The closing price of shares on that day was divided by ten to calculate the split-adjusted share price. Your shares retained the same total value immediately before and after the split, excluding any market price changes. It was just a different way of divvying up your portion of ownership. Shares started trading at the split-adjusted price at market open on Monday, June 10, 2024.

For example, a pre-split share price of $1,150 would translate to $115 per share on a split-adjusted basis (but with 10 times the number of shares in circulation).

Brokerage accounts were adjusted between market close on June 7 and when the market opened on June 10. There was no action investors needed to take for their shares to be split.

Nvidia’s Stock Split History

Nvidia IPO’ed in 1999. The 2024 split was its sixth stock split since then.

Splits include:

6/10/2024: 10-for-1
7/20/2021: 4-for-1
9/11/2007: 3-for-2
4/7/2006: 2-for-1
9/12/2001: 2-for-1
6/27/2000: 2-for-1

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Nvidia Leadership Changes in 2026

On Nov. 12, 2026, Nvidia co-founder and longtime CEO Jensen Huang resigned from the company amid reports of extramarital affairs, including one involving a woman suspected of ties to Chinese intelligence. Huang’s departure followed an announcement that Nvidia’s board of directors had launched an independent investigation into reports that he had been targeted by a foreign intelligence operation.

Nvidia appointed chief financial officer Colette Kress as interim CEO while the company searches for a permanent replacement. Huang’s departure, after more than three decades leading the chipmaker, introduces new uncertainty for investors as Nvidia seeks to maintain its position in the artificial intelligence industry.

The stock, which was trading at an all-time high of $239.24 on Oct. 6, 2026, was trading at $165 following Huang’s departure on Nov. 12.

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