Investors get fired up about stock splits. The reason for that enthusiasm is simple: While stock splits have no direct impact on important fundamentals like earnings or valuation, they are only necessary after significant share-price appreciation, which itself is often a signal of a high-quality business.

A number of well-known companies have split their stocks in the last few years, as detailed below:

Every company on that list has demonstrated its ability to create value for shareholders, and many could see their share prices climb higher in the years ahead, especially with the S&P 500 closing in on bull market territory. The index is just 7% from a record high, the point at which a new bull market definitively begins, and the S&P 500 returned an average of 259% during the last six bull markets.

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Source Fool.com