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 Video: What is a Stock Split?
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| Hudson City Bancorp is a savings and loan holding company for Hudson City Savings Bank. Co. is a retail savings bank providing deposit products, residential real estate mortgage loans and consumer loans. Co.'s loan portfolio primarily consists of one- to four-family residential first mortgage loans. Co. purchases residential mortgages, commercial real estate mortgages and interests in such loans and mortgage-backed securities and other securities issued by U.S. government-sponsored enterprises as well as other investments. Co.'s primary market area consists of New Jersey, New York and Connecticut. At Dec 31 2014, Co. had total assets of $36.57 billion and total deposits of $19.38 billion. According to our HCBK split history records, HCBK has had 2 splits. | |
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HCBK (HCBK) has 2 splits in our HCBK split history database. The first split for HCBK took place on June 18, 2002. This was a 2 for 1 split, meaning for each share of HCBK 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. HCBK's second split took place on June 07, 2005. This was a 3206 for 1000 split, meaning for each 1000 shares of HCBK owned pre-split, the shareholder now owned 3206 shares. For example, a 2000 share position pre-split, became a 6412 share position following the split.
When a company such as HCBK 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 HCBK split history from start to finish, an original position size of 1000 shares would have turned into 6412 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into HCBK shares, starting with a $10,000 purchase of HCBK, presented on a split-history-adjusted basis factoring in the complete HCBK split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/24/2014 |
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| End date: |
10/30/2015 |
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| Start price/share: |
$9.97 |
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| End price/share: |
$10.12 |
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| Starting shares: |
1,003.01 |
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| Ending shares: |
1,023.60 |
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| Dividends reinvested/share: |
$0.20 |
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| Total return: |
3.59% |
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| Average Annual Total Return: |
2.35% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$10,358.85 |
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| Years: |
1.52 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/24/2014 |
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| End date: |
10/30/2015 |
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| Start price/share: |
$9.97 |
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| End price/share: |
$10.12 |
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| Dividends collected/share: |
$0.20 |
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| Total return: |
3.51% |
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| Average Annual Total Return: |
2.30% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$10,351.17 |
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| Years: |
1.52 |
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| Date |
Ratio |
| 06/18/2002 | 2 for 1 | | 06/07/2005 | 3206 for 1000 |
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