Along with its solid second-quarter 2024 results, Broadcom Inc. (AVGO) announced a ten-for-one forward stock split (the first in the company’s history), with the stock beginning trading on a split-adjusted basis on July 15. Shareholders of record as of July 11 will receive nine additional shares of each stock owned after the market closes on July 12.
The company’s CFO, Kirsten Spears, stated the stock split is being executed to “make ownership of Broadcom stock more accessible to investors and employees.” This strategic move reflects Broadcom’s ongoing efforts to enhance the accessibility and liquidity of its shares by increasing trading activity, potentially opening up opportunities for a broader investor base.
