Apple on Thursday declared in its financial third-quarter earnings the Board of Directors has accepted a four-for-one stock split.That signifies that, for each share of Apple stock an investor possesses, they will get three shares. Additionally, it makes single stocks in Apple cheaper for investors to get. It follows a similar movement Apple produced in 2014, as it provided a 7-to-1 stock split. At the moment, Apple was trading over $600 each share. The divide brought stocks of Apple to approximately $92 a share.Read additional information about Apple’s earnings reportStock divides are decorative and don’t fundamentally alter anything about the business, besides possibly producing the stocks accessible to a greater number of investors due to their more affordable price.Since Apple stock currently trades over $380, meaning investors must expect to have a opportunity to obtain a share of Apple for about $100, based on where the stock trades in the conclusion of August.The stocks will be distributed to investors in the end of business August 24, and trading will start on a split-adjusted foundation on August 31.This will be Apple’s fifth stock split because it went public. Additionally, it divide on a 7-for-1 foundation on June 9, 2014; a 2-for-1 foundation on February 28, 2005; a 2-for-1 foundation on June 21, 2000; and also on a 2-for-1 foundation on June 16, 1987.Subscribe to CNBC on YouTube.