Here's how Apple's four-for-one stock split works

Monday at end of trading is a key deadline for full participation in Apple's four-for-one stock split. Here's how it works, and what you need to know about the August 24 start of the process, and completion on August 31.

Announced as part of Apple's quarterly results on July 30, Apple's Board of Directors approved a four-for-one stock split, with the intention of making the stock "more accessible to a broader base of investors." The split will considerably increase the number of common shares in the company, from approximately 12.6 billion to 50.4 billion.Apple will start recording who owns shares in the company from the close of business on Monday, with those still holding onto shares at that time set to receive an additional three shares for each share owned. According to Apple's FAQ, the "Split Date" will be August 28 and will take place after the close of business.

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