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Apple Announces 4-for-1 Stock Split

TheMotleyFool

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Apple's (NASDAQ: AAPL) common shares are about to get significantly cheaper, but not because they're tanking. Concurrent with the release of its third-quarter fiscal 2020 results on Thursday, the tech giant announced that it will split that stock 4-for-1.

The company's board of directors approved the move, which will take effect on Aug. 31. Apple investors of record as of Aug. 24 will be given three additional shares for every share they hold on that date.

Image source: Getty Images.

Source Fool.com

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