It used to be that as any stock grew in value to more than $100 a share or so, it become more and more likely for it to declare a split. According to data compiled by S&P Dow Jones Indices, in the 1990s, there was an average of 64 stocks every year that declared a split - basically, every one but Berkshire Hathaway.
That strategy has gone out of vogue, though. Nowadays, we have stocks like Google - trading right now at just over 800 per share - and Apple, which is at about 430 and has been rumored to be considering a split, but has made no announcements as of yet.
Altogether, since the economic crisis began back in 2008, the number of stocks declaring a split has dwindled all the way down to 10 per year. That's a big reason why the average price of a stock on the S&P 500 has risen from $31.36 in 2008 up to $63.17 now.
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