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.
BUY! BUY! BUY!
It’s almost time for those of use who didn’t buy any, to get in on it soon.
My wildest financial fantasy has come true. It happened once before many years ago. Love that Apple stock.
It’s a happy day for me. WOO HOO!!! Make that money Apple.
“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.
My wildest fantasy is a three-for-one stock split, but I’ll take this one. Viva, Steve Jobs!!!
Historically, right after a split, there will be a dip – this is the best time to buy. So just after Feb 18th, it’ll be time to buy.
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.
Fred M: “My wildest fantasy is a three-for-one stock split”
Why???
Heck then hope fot a 10 for 1 split…
Is anyone else getting popup ads from this site??? I have Safari popup blocking turned on but they are still poping up!
Arrrrggh!
Does anyone know if you have to report stock splits as dividends on your taxes???
I got the pop up ad too, and have on a couple of other site — even with Safari blocking them.
yes, you do…
Apple stock – here i come!
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.
no pop up ad with firefox here
Re – Pop ups
One of those non existent malware thingies has done something to your copy of Safari.
Under the Safari menu go to reset Safari and it will go away.
Happy surfing.
So, what if you kept the stock you had from the last split….?? Does that mean youve quadrupled your shares ??
(Just wondering)
“…..Is anyone else getting popup ads from this site??? I have Safari popup blocking turned on but they are still poping up!……”
Andy C.
Do yourself a favor… download ..this … and say goodbye to pop-ups… for good !!
uhhh..correction… I use it, Andy…and I dont see any ads… but then, I never see popups either
“Does anyone know if you have to report stock splits as dividends on your taxes???”
You only report sales of a stock to the IRS. The stock split really doesn’t effect your holdings. If you had 100 shares of XYZ at $10/share, it’d be worth $1000. After a 2-to-1 split, you’d have 200 shares of XYZ at $5/share – still $1000 worth. It’s mostly psychological, making XYZ look a lot cheaper to the average investor. Again, if you do nothing, you don’t report to the IRS, but if you sell the stock at anytime, you have to report it.
If you sold for a loss (sold the stock for less than you bought it for), the loss can be used to offset some of your taxes.
If you sold for a profit (sold the stock for more than you bought it for), you report a capital gains, which will add to the taxes you owe. Depending on how long you held a stock determines how much tax on the profit you have to pay.
A dividend is something else entire, and has nothing to do with stock sales. A dividend is a payment the company makes to you for holding onto the stock. For example, if XYZ Company paid a dividend of $0.08 per share in the quarter, if you owned 1000 shares, XYZ would send you a check for $8. If you held onto that stock for a year, you would get $32.
Thus, a dividend is basically like the interest you earn by keeping money in your savings account. It’s an incentive the company uses to reward investors for holding onto their stocks, instead of selling it.
Apple, as has been mentioned, does not offer a dividend.
No pop ups on Safari here.
Cool on the stock split. I sold my Audible stock so have a little in cash in my account right now. Maybe I will put that in after the split.
Now if Tivo would just get their act together…..
BTW Beautiful sight Nuclear Kid! But where is the “Made on a Mac” logo?
I am a happy man I bought 300 shares when it was at 14 dollars now I have 600 at 40 dollars. Time to sell a few and buy a new mac.
Thanks for clarifying that, it really helped out, Apple, here I come.
Stock Rocket Steve
Me happy with AAPL from $13
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AAPL $150 anybody? (82/2*2+70/2*2)
Splat makes it dificult
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How about some dividend?
AAPL is my favorite though
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