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Video: What is a Stock Split?
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SITE Centers is a self-administered and self-managed real estate investment trust (REIT), engaged in the business of acquiring, owning, developing, redeveloping, expanding, leasing, financing and managing shopping centers. Co.'s portfolio consisted of shopping centers (including shopping centers owned through joint ventures). These centers are principally in the Southeast and Midwest, with significant concentrations in Florida, Georgia, Ohio and North Carolina, as well as Puerto Rico. According to our DDR split history records, DDR has had 4 splits. | |
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DDR (DDR) has 4 splits in our DDR split history database. The first split for DDR took place on August 04, 1998. This was a 2 for 1
split, meaning for each share of DDR owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. DDR's second split took place on June 09, 2009. DDR's third split took place on May 21, 2018. This was a 1 for 2 reverse split, meaning for each 2 shares of DDR owned pre-split, the shareholder now owned 1 share. For example, a 2000 share position pre-split, became a 1000 share position following the split. DDR's 4th split took place on July 02, 2018. This was a 1211 for 1000 split, meaning for each 1000 shares of DDR owned pre-split, the shareholder now owned 1211 shares. For example, a 1000 share position pre-split, became a 1211 share position following the split.
When a company such as DDR 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. When a company such as DDR conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the DDR split history from start to finish, an original position size of 1000 shares would have turned into 1211 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into DDR shares, starting with a $10,000 purchase of DDR, presented on a split-history-adjusted basis factoring in the complete DDR split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/25/2014 |
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End date: |
10/11/2018 |
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Start price/share: |
$27.94 |
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End price/share: |
$11.99 |
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Starting shares: |
357.91 |
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Ending shares: |
463.03 |
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Dividends reinvested/share: |
$5.25 |
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Total return: |
-44.48% |
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Average Annual Total Return: |
-12.35% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$5,550.65 |
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Years: |
4.47 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/25/2014 |
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End date: |
10/11/2018 |
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Start price/share: |
$27.94 |
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End price/share: |
$11.99 |
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Dividends collected/share: |
$5.25 |
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Total return: |
-38.31% |
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Average Annual Total Return: |
-10.25% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$6,169.69 |
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Years: |
4.47 |
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Date |
Ratio |
08/04/1998 | 2 for 1
| 06/09/2009 | 1 for 1 | 05/21/2018 | 1 for 2 | 07/02/2018 | 1211 for 1000 |
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