So right here is the wording on NVDA on their press launch
“If approval is obtained, every NVIDIA stockholder of file on the shut of enterprise on June 21, 2021, will obtain a dividend of three further shares of widespread inventory for each share held on the file date, to be distributed after the shut of buying and selling on July 19, 2021. Buying and selling is predicted to start on a inventory split-adjusted foundation on July 20.”
So does this imply I’ve to personal it on June 21 to get the cut up? And it trades on the new cut up value July 20? So what in case you purchase it June 22, are you paying ~$700 for it to commerce on the new value July 20 of ~$175 and never eligible for the cut up?
I referred to as TD Ameritrade, and their company motion division stated the ex date is July 19 and also you simply want to carry it by July 19 and the file date would not matter to get the cut up.. What? Thats not how I learn their press launch…