Apple Corporate action: 7-for-1 stock split ex. date 9 June, 2014
Reminder: 7-for-1 Apple stock split ex. date 9 June 2014
Source: Getty Images
Type: Stock split, 1 share becomes 7 shares.
Ex. date: At the market open in New York, on 9 June 2014, the share price will officially change.
Additional information: Why is entitlement date different from record date in this case?
From the Apple Investor Relations page:
If you sell shares on or after the Record Date (June 2, 2014) but before the Ex Date (June 9, 2014) you will be selling them at the pre-split price. At the time of the sale, you will surrender your pre-split shares and will no longer be entitled to the split shares. Following the split, the new owner of the shares will be entitled to the additional shares resulting from the stock split.
If you buy shares on or after the Record Date but before the Ex Date, you will purchase the shares at the pre-split price and will receive (or your brokerage account will be credited with) the shares purchased. Following the split, you will receive (or your brokerage account will be credited with) the additional shares resulting from the stock split.