Apple Stock Split History: An Overview

Introduction

Apple Inc. has endured some tumultuous times, especially in its first two decades as a publicly traded company. However, the company has also experienced periods of tremendous growth and success. One of the most notable events in Apple's history is its stock split history.

Apple Stock Splits: A History

Apple has split its stock on five occasions since its initial public offering (IPO) in 1980. The stock splits have occurred at the following dates and prices:

• June 16, 1987: 2-for-1 split at $2.12 per share
• June 19, 1997: 2-for-1 split at $11.61 per share
• February 28, 2000: 2-for-1 split at $104.97 per share
• February 28, 2005: 2-for-1 split at $77.05 per share
• August 31, 2020: 4-for-1 split at $129.04 per share

The most recent stock split, a 4-for-1 split, was announced on July 30, 2020, and became effective on August 31, 2020. This split increased the number of Apple shares outstanding from 4.29 billion to 17.16 billion.

Why Apple Splits Its Stock

There are several reasons why a company may decide to split its stock.

• To make the stock more affordable to investors. A stock split reduces the price of each share, making it more accessible to individual investors.
• To increase liquidity. A stock split can increase the liquidity of a stock, making it easier for investors to buy and sell shares.
• To signal confidence in the company. A stock split can be seen as a sign that the company is confident in its future growth prospects.

Conclusion

Apple's stock split history is a reflection of the company's long-term growth and success. The stock splits have helped to make Apple's stock more affordable to investors, increase liquidity, and signal confidence in the company's future.