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Video: What is a Stock Split?
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Dime Community Bancshares is a bank holding company. Through its subsidiary, Dime Community Bank, Co. is engaged in commercial and consumer banking business. Co. provides the Certificate of Deposit Account Registry Service and Insured Cash Sweep programs, providing Federal Deposit Insurance Corporation insurance on deposits to its customers. Co. also provides merchant credit and debit card processing, automated teller machines, cash management services, lockbox processing, online banking services, remote deposit capture, safe deposit boxes, and individual retirement accounts as well as investment services through Bridge Financial Services LLC. According to our DCOM split history records, Dime Community Bancshares has had 3 splits. | |
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Dime Community Bancshares (DCOM) has 3 splits in our DCOM split history database. The first split for DCOM took place on August 22, 2001. This was a 3 for 2 split, meaning for each 2 shares of DCOM owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. DCOM's second split took place on April 25, 2002. This was a 3 for 2 split, meaning for each 2 shares of DCOM owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. DCOM's third split took place on March 17, 2004. This was a 3 for 2 split, meaning for each 2 shares of DCOM owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split.
When a company such as Dime Community Bancshares splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the DCOM split history from start to finish, an original position size of 1000 shares would have turned into 3375 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Dime Community Bancshares shares, starting with a $10,000 purchase of DCOM, presented on a split-history-adjusted basis factoring in the complete DCOM split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/28/2014 |
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End date: |
04/25/2024 |
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Start price/share: |
$24.11 |
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End price/share: |
$18.54 |
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Starting shares: |
414.77 |
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Ending shares: |
585.23 |
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Dividends reinvested/share: |
$9.43 |
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Total return: |
8.50% |
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Average Annual Total Return: |
0.82% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$10,850.93 |
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Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/28/2014 |
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End date: |
04/25/2024 |
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Start price/share: |
$24.11 |
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End price/share: |
$18.54 |
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Dividends collected/share: |
$9.43 |
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Total return: |
16.01% |
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Average Annual Total Return: |
1.50% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$11,605.41 |
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Years: |
10.00 |
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Date |
Ratio |
08/22/2001 | 3 for 2 | 04/25/2002 | 3 for 2 | 03/17/2004 | 3 for 2 |
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