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 Video: What is a Stock Split?
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| First Niagara Financial Group is a bank holding company. Co. and its subsidiaries provide financial services to individuals and businesses in New York, Western and Eastern Pennsylvania, Connecticut, and Western Massachusetts. Through its wholly owned subsidiary, First Niagara Bank, N.A., a federally chartered national bank, Co. provides a range of products and services through its retail consumer, commercial, business services, and wealth management operations, including retail banking, consumer and commercial lending, cash management, insurance and wealth management products. At Dec 31 2014, Co. had total assets of $38.55 billion and total deposits $27.78 billion. According to our FNFG split history records, FNFG has had 1 split. | |
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FNFG (FNFG) has 1 split in our FNFG split history database. The split for FNFG took place on January 21, 2003. This was a 25868 for 10000 split, meaning for each 10000 shares of FNFG owned pre-split, the shareholder now owned 25868 shares. For example, a 1000 share position pre-split, became a 2586.8 share position following the split.
When a company such as FNFG 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 FNFG split history from start to finish, an original position size of 1000 shares would have turned into 2586.8 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into FNFG shares, starting with a $10,000 purchase of FNFG, presented on a split-history-adjusted basis factoring in the complete FNFG 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: |
07/29/2016 |
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| Start price/share: |
$9.04 |
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| End price/share: |
$10.18 |
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| Starting shares: |
1,106.19 |
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| Ending shares: |
1,207.03 |
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| Dividends reinvested/share: |
$0.80 |
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| Total return: |
22.88% |
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| Average Annual Total Return: |
9.53% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$12,287.51 |
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| Years: |
2.26 |
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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: |
07/29/2016 |
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| Start price/share: |
$9.04 |
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| End price/share: |
$10.18 |
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| Dividends collected/share: |
$0.80 |
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| Total return: |
21.46% |
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| Average Annual Total Return: |
8.97% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$12,145.80 |
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| Years: |
2.26 |
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| Date |
Ratio |
| 01/21/2003 | 25868 for 10000 |
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