Apple Stock Splits 2 for 1

Apple today announced a 2 for 1 stock split, approved by Apple’s Board of Directors. The number of authorized Apple common stock was proportionally increased from 900 million to 1.8 billion. All shareholders on record at the close of business on February 18 will receive one additional share for each share outstanding held. Trading of adjusted stock begins February 28th. Of note to stockholders, this move does not increase or decrease the value of the stock, but is simply a move to decrease the cost of each stock while simultaneously increasing the number of stock available.
Hat tip to Macnn.com.

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