Apple's Stock Split: How Will It Actually Work?
Apple (NASDAQ: AAPL) recently announced that it will do a 4-for-1 stock split. The move marks the first time in six years that the tech giant has split its shares. It set off another round of optimism that sent Apple's stock price above the $500 per share mark.
For many investors, this will be the first time that they've dealt with a stock split. It's understandable that you might have questions about how it works. It's a relatively painless process when a company splits its shares, but it's still important to have a good sense of what's going to happen along the way.
Apple investors need to understand three key dates associated with the split. One already happened on Monday, Aug. 24: the record date. As Apple itself described it, that's the date upon which the company "determine[d] which shareholders are entitled to receive additional shares due to the split."
Source Fool.com
