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Video: What is a Stock Split?
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People's United Financial is a bank holding company and a financial holding company. The principal business of Co. is to provide, through its subsidiary, People's United Bank, National Association and its subsidiaries, commercial banking, retail banking and wealth management services to individual, corporate and municipal customers. Co.'s reportable segments are: Commercial Banking, which includes commercial real estate lending, middle market and business banking, mortgage warehouse and asset-based lending; and Retail Banking, which includes consumer lending (including residential mortgage and home equity lending) and consumer deposit gathering activities. According to our PBCT split history records, PBCT has had 4 splits. | |
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PBCT (PBCT) has 4 splits in our PBCT split history database. The first split for PBCT took place on May 16, 1997. This was a 3 for 2
split, meaning for each 2
shares of PBCT 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. PBCT's second split took place on May 17, 2004. This was a 3 for 2 split, meaning for each 2 shares of PBCT 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. PBCT's third split took place on May 16, 2005. This was a 3 for 2 split, meaning for each 2 shares of PBCT 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. PBCT's 4th split took place on April 16, 2007. This was a 21 for 10 split, meaning for each 10 shares of PBCT owned pre-split, the shareholder now owned 21 shares. For example, a 3375 share position pre-split, became a 7087.5 share position following the split.
When a company such as PBCT 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 PBCT split history from start to finish, an original position size of 1000 shares would have turned into 7087.5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PBCT shares, starting with a $10,000 purchase of PBCT, presented on a split-history-adjusted basis factoring in the complete PBCT 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: |
04/04/2022 |
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Start price/share: |
$14.54 |
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End price/share: |
$19.41 |
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Starting shares: |
687.76 |
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Ending shares: |
979.61 |
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Dividends reinvested/share: |
$5.57 |
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Total return: |
90.14% |
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Average Annual Total Return: |
8.42% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$19,017.08 |
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Years: |
7.95 |
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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: |
04/04/2022 |
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Start price/share: |
$14.54 |
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End price/share: |
$19.41 |
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Dividends collected/share: |
$5.57 |
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Total return: |
71.79% |
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Average Annual Total Return: |
7.04% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$17,175.59 |
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Years: |
7.95 |
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Date |
Ratio |
05/16/1997 | 3 for 2
| 05/17/2004 | 3 for 2 | 05/16/2005 | 3 for 2 | 04/16/2007 | 21 for 10 |
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