Tesla gave investors something to look forward to in the coming week: a three-to-one stock split. After the close of trading on August 24, Tesla shareholders will receive a “dividend” of two additional shares. The next day, Tesla stock will begin trading at a new price of a third of its previous price.

This may be nothing more than cutting the pizza into more slices, but individual investors often have their pie in slices. One study found that stocks announcing splits typically outperform the market by 16 percentage points over the next 12 months.

The appeal is obvious: Tesla stock, recently worth $860, will now be worth closer to $285, which is no small difference for retail investors.