Apple announces two-for-one stock split

Apple announced today that its Board of Directors has approved a two-for-one split of the Company’s common stock and a proportional increase in the number of Apple common shares authorized from 900 million to 1.8 billion. Each shareholder of record at the close of business on February 18, 2005 will receive one additional share for every outstanding share held on the record date, and trading will begin on a split-adjusted basis on February 28, 2005. Apple’s last stock split was also a two-for-one split that took effect on June 21, 2000 for shareholders of record at the close of business on May 19, 2000.

After the news of the split, shares of Apple rose $3.13, or 4 percent, to $81.49 in Friday morning Nasdaq trading.

MacDailyNews Take: For those unfamiliar, basically what this means is that if you have 100 Apple shares at $80 per share at the close of business on February 18th, your stock will “split two-for-one” and you’ll have 200 shares that are worth $40 per share.

25 Comments

  1. “almost time”… I’m not sure what you are waiting for. It has been time for quite some time!

    I’ve bought near the botton and have been making weekly additions all the way up.

  2. So here I am on Friday, February 11, 2005, experiencing a surreal moment. I have been an Apple evangelist and stockholder for over 7 years. I can’t tell you how many times I’ve butted heads with the status quo IT types regarding the Mac and how great it is. I fought so hard on so many occasions for a client to use Apple technologies because of their obvious advantages – only to get snickered at, laughed at, ridiculed and in general, brushed aside. That has changed incrementally over the years and has almost vanished in the past 12 months. To see Apple and Steve Jobs pull off this miracle that continues to get better and better has given me great pride in the fact that I fought for what was right. Cheers to Steve – you’re the most amazing visionary and businessman I have ever believed in.

    Anyone who wants to see what a few Apple-Inspired individuals and great technology can create, please visit my company’s web site at http://www.richterbrothers.com. And by the way, this site was created almost four years ago, before video had become the marketing necessity it now is.

  3. Does anyone know if you have to report stock splits as dividends on your taxes???

    What would you report? One has the same value before and after the stock split.

    Answer: Don´t think so. It is not a dividend, it is a stock split.

    A dividend is something else. Apple does not offer a dividend on its stock.

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