Shareholders in energy giant Canadian Natural Resources (TSX:CNQ) voted to approve management’s proposed two-for-one (2:1) stock split on May 2, 2024. The forward stock split, the company’s fifth since 1993, will double CNQ stock’s total common shares outstanding to 2,136,208,846 shares on June 10. Following its 600% recent rally, semiconductor giant Nvidia (NASDAQ:NVDA) could also announce a stock split ahead of another highly priced candidate Constellation Software (TSX:CSU) stock.
Companies that have announced stock splits before are more likely to do so again. I bet on Nvidia announcing a stock split ahead of Constellation Software stock. However, a discussion on stock splits, why they happen, and for whose benefit could help substantiate my position on whether Nvidia could be the next stock split ahead of CSU stock or Fairfax Financial stock.
Stock splits explained: Why do successful companies conduct stock splits?
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