Last Thursday (30 Jul 2020), Apple (NASDAQ: AAPL) released its third-quarter results for 2020. In classic Apple fashion, the company announced ‘one more thing.’ Source: © 2015 Apple

Apple’s 2020 Stock Split

In an unexpected move, Apple announced that the company’s Board of Directors had approved a four-for-one stock split On 24 Aug 2020, Apple shares will be distributed to shareholders at the close of business, while trading of the shares will begin on a split-adjusted basis on 31 Aug 2020. The upcoming announced stock split will be the fifth in its history, with the company’s first stock split enacted on 16 Jun 1987. What does this mean for investors? We’ll break it down for your right here!

What is a Stock Split?

Well I’m glad you asked. When it comes to a stock split, there are two kinds: the normal stock split and the reverse stock split....