The company took off when it released its GeForce graphics cards, and it won contracts to power PCs and gaming consoles such as Microsoft's Xbox. They saw a future in graphics-based computing and video games and developed chips that supported such applications.
Jensen Huang, Chris Malachowsky, and Curtis Priem were probably not focused on dividends when they founded Nvidia in 1993. In comparison, a stockholder who invested $10,000 in the Starbucks initial public offering and held would now earn almost $74,000 in dividends annually. Even the investor who bought 833 shares on IPO day and held the shares would make about $6,400 in annual dividend income. Admittedly, at an annual payout of just $0.16 per share, it is unlikely the dividend plays a significant role in one's investment decision in this company. Nvidia began quarterly payout distributions in 2012.
This figure does not include dividend income. 25 closing price of $223.24 per share, that investment would hold a value of just over $8.9 million! The next split did not happen until July 2021, when the company executed a 4-for-1 split.ĭue to those splits, the original 833 shares would have become 39,984 shares priced at $0.25 per share. Three were 2-for-1 splits that occurred in 2000, 2001, and 2006, and the company's board initiated a 3-for-2 split in 2007. Between 1999 and today, the company has split its stock five times. At the time, $10,000 would have bought 833 shares. Nvidia stock opened trading on the stock market on Jan.
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