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 Video: What is a Stock Split?
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| Wex is a global commerce platform. Co. operates in three reportable segments: Fleet Solutions, which provides fleet vehicle payment processing, transaction processing and information management services designed for the needs of fleets of all sizes from small businesses to federal and state government fleets and over-the-road carriers; Travel and Corporate Solutions, which focuses on the payment environment of global business-to-business payments; and Health and Employee Benefit Solutions, which provides software-as-a-service platforms, bringing together benefits administration, certain compliance services and consumer-directed and benefits accounts. According to our WEX split history records, Wex has had 1 split. | |
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Wex (WEX) has 1 split in our WEX split history database. The split for WEX took place on December 17, 2003. This was a 11 for 10 split, meaning for each 10 shares of WEX owned pre-split, the shareholder now owned 11 shares. For example, a 1000 share position pre-split, became a 1100 share position following the split.
When a company such as Wex 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 WEX split history from start to finish, an original position size of 1000 shares would have turned into 1100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Wex shares, starting with a $10,000 purchase of WEX, presented on a split-history-adjusted basis factoring in the complete WEX split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/17/2024 |
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| Start price/share: |
$93.28 |
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| End price/share: |
$229.87 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
146.43% |
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| Average Annual Total Return: |
9.44% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$24,634.64 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 12/17/2003 | 11 for 10 |
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