4 For 1 Split And 150 Dividend Hike

NVIDIA Announces Stock Split and Dividend Increase

4-for-1 Split and 150% Dividend Hike

Santa Clara, California - March 24, 2023

NVIDIA Corporation (NASDAQ: NVDA) today announced that its board of directors has declared a four-for-one split of NVIDIA's common stock in the form of a stock dividend. The stock split will be effected in the form of a one-time dividend of three shares of NVIDIA common stock for each outstanding share as of the close of business on April 10, 2023, to stockholders of record on that date. The dividend will be payable on April 24, 2023.

The company also announced that its board of directors has increased its quarterly cash dividend by 150%, from $0.04 per share to $0.10 per share. The increased dividend will be paid on May 9, 2023, to stockholders of record as of the close of business on April 24, 2023.

The stock split and dividend increase are a sign of NVIDIA's continued strength and commitment to its shareholders. The company has been a leader in the semiconductor industry for over 25 years, and its products are used in a wide range of applications, including gaming, artificial intelligence, and autonomous driving.

NVIDIA's stock has been on a tear in recent years, as the company has benefited from the growing demand for semiconductors. The stock has gained over 500% in the past five years, making it one of the best-performing stocks in the Nasdaq 100 Index.

The stock split will make NVIDIA's shares more affordable for retail investors, and the dividend increase will provide shareholders with a steady stream of income. NVIDIA's strong fundamentals and growth prospects make it an attractive investment for long-term investors.