One of the more intriguing developments for investors in recent years has been the return to prominence of stock splits. This action is generally taken as the result of years of strong business performance, thereby causing a commensurate stock price increase. While stock splits don't change the inherent value of a company, the primary motive cited by companies who enact them is the desire to keep their shares affordable for less affluent investors.

A look back at the past couple of years highlights a number of investor-favorite companies that have conducted stock splits. These include:

Some believe the practice is unnecessary. But as this list illustrates, some of the world's preeminent businesses still think there's value in keeping their stock price within reach of the average investor.

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Source Fool.com