Monday, August 10, 2020

Apple (AAPL)’s fifth stock split since 1987

Apple Inc.’s decision to split its shares is one that relatively few U.S. companies make any more. The iPhone maker is set to become only the third stock in the S&P 500 Index to split this year, according to data compiled by Bloomberg. Old Dominion Freight Line Inc. completed one in March, followed by Edwards Lifesciences Inc. in May. More than 30% of S&P 500 stocks have gone without a split since 2000 or longer, as shown in the chart, and another 24% have never had one. Apple declared a 4-for-1 split last month that is payable Aug. 28. It will be the company’s fifth split since 1987.

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