 |
 Video: What is a Stock Split?
|
|
|
| SLM is a holding company. Through its subsidiary, Co. originates and services loans to students and their families to finance the cost of education. Co. uses Private Education Loans to mean education loans to students or their families that are not made, insured or guaranteed by any state or federal government. Co. provides deposit products insured by the Federal Deposit Insurance Corporation. Co. provides loan products for specific graduate programs of study, which include the Sallie Mae Law School Loan, the Sallie Mae MBA Loan, the Sallie Mae Health Professions Graduate Loan, the Sallie Mae Medical School Loan, the Sallie Mae Dental School Loan, and the Sallie Mae Graduate School Loan. According to our SLM split history records, SLM has had 4 splits. | |
|
SLM (SLM) has 4 splits in our SLM split history database. The first split for SLM took place on July 03, 1989. This was a 5 for 2
split, meaning for each 2
shares of SLM owned pre-split, the shareholder now owned 5 shares. For example, a 1000 share position pre-split, became a 2500 share position following the split. SLM's second split took place on January 05, 1998. This was a 7 for 2
split, meaning for each 2
shares of SLM owned pre-split, the shareholder now owned 7 shares. For example, a 2500 share position pre-split, became a 8750 share position following the split. SLM's third split took place on June 23, 2003. This was a 3 for 1 split, meaning for each share of SLM owned pre-split, the shareholder now owned 3 shares. For example, a 8750 share position pre-split, became a 26250 share position following the split. SLM's 4th split took place on May 01, 2014. This was a 2798 for 1000 split, meaning for each 1000 shares of SLM owned pre-split, the shareholder now owned 2798 shares. For example, a 26250 share position pre-split, became a 73447.5 share position following the split.
When a company such as SLM 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 SLM split history from start to finish, an original position size of 1000 shares would have turned into 73447.5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SLM shares, starting with a $10,000 purchase of SLM, presented on a split-history-adjusted basis factoring in the complete SLM split history.
Growth of $10,000.00
With Dividends Reinvested
|
| Start date: |
04/17/2014 |
|
| End date: |
04/15/2024 |
|
| Start price/share: |
$9.27 |
|
| End price/share: |
$20.72 |
|
| Starting shares: |
1,078.75 |
|
| Ending shares: |
1,188.53 |
|
| Dividends reinvested/share: |
$1.43 |
|
| Total return: |
146.26% |
|
| Average Annual Total Return: |
9.43% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$24,630.39 |
|
| Years: |
10.00 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
04/17/2014 |
|
| End date: |
04/15/2024 |
|
| Start price/share: |
$9.27 |
|
| End price/share: |
$20.72 |
|
| Dividends collected/share: |
$1.43 |
|
| Total return: |
138.94% |
|
| Average Annual Total Return: |
9.10% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$23,897.43 |
|
| Years: |
10.00 |
|
|
|
| Date |
Ratio |
| 07/03/1989 | 5 for 2
| | 01/05/1998 | 7 for 2
| | 06/23/2003 | 3 for 1 | | 05/01/2014 | 2798 for 1000 |
|
|
Free SLM Email Alerts:
