Apple Computer announced a 2-for-1 stock split.

The split will be payable June 15 to shareholders of record May 15. The computer company also declared its quarterly cash dividend of 12 cents per share on a pre-split basis (6 cents per share on a post-split basis) for the quarter ended March 27. Commenting on the split, John Sculley, Apple’s chairman and chief executive said: “These actions should allow a broader group of investors to participate in our future.” The cash dividend is scheduled to be paid on June 15.