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 Video: What is a Stock Split?
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| Telefonica is a holding company. Through its subsidiaries, Co. is a telecommunications group that provides a range of services through its telecommunications networks. Co. is focused on providing telecommunications services, and it operates principally in Europe and Latin America. According to our TEF split history records, Telefonica SA has had 11 splits. | |
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Telefonica SA (TEF) has 11 splits in our TEF split history database. The first split for TEF took place on December 24, 1998. This was a 102 for 100
split, meaning for each 100
shares of TEF owned pre-split, the shareholder now owned 102 shares. For example, a 1000 share position pre-split, became a 1020 share position following the split. TEF's second split took place on April 15, 1999. This was a 102 for 100
split, meaning for each 100
shares of TEF owned pre-split, the shareholder now owned 102 shares. For example, a 1020 share position pre-split, became a 1040.4 share position following the split. TEF's third split took place on July 27, 1999. This was a 3 for 1
split, meaning for each share of TEF owned pre-split, the shareholder now owned 3 shares. For example, a 1040.4 share position pre-split, became a 3121.2 share position following the split. TEF's 4th split took place on November 02, 1999. This was a 102 for 100
split, meaning for each 100
shares of TEF owned pre-split, the shareholder now owned 102 shares. For example, a 3121.2 share position pre-split, became a 3183.624 share position following the split. TEF's 5th split took place on January 02, 2001. This was a 102 for 100 split, meaning for each 100 shares of TEF owned pre-split, the shareholder now owned 102 shares. For example, a 3183.624 share position pre-split, became a 3247.29648 share position following the split. TEF's 6th split took place on March 01, 2001. This was a 102 for 100 split, meaning for each 100 shares of TEF owned pre-split, the shareholder now owned 102 shares. For example, a 3247.29648 share position pre-split, became a 3312.2424096 share position following the split. TEF's 7th split took place on January 22, 2002. This was a 102 for 100 split, meaning for each 100 shares of TEF owned pre-split, the shareholder now owned 102 shares. For example, a 3312.2424096 share position pre-split, became a 3378.487257792 share position following the split. TEF's 8th split took place on March 19, 2002. This was a 102 for 100 split, meaning for each 100 shares of TEF owned pre-split, the shareholder now owned 102 shares. For example, a 3378.487257792 share position pre-split, became a 3446.05700294784 share position following the split. TEF's 9th split took place on March 06, 2003. This was a 102 for 100 split, meaning for each 100 shares of TEF owned pre-split, the shareholder now owned 102 shares. For example, a 3446.05700294784 share position pre-split, became a 3514.9781430068 share position following the split. TEF's 10th split took place on June 16, 2005. This was a 104 for 100 split, meaning for each 100 shares of TEF owned pre-split, the shareholder now owned 104 shares. For example, a 3514.9781430068 share position pre-split, became a 3655.57726872707 share position following the split. TEF's 11th split took place on January 21, 2011. This was a 3 for 1 split, meaning for each share of TEF owned pre-split, the shareholder now owned 3 shares. For example, a 3655.57726872707 share position pre-split, became a 10966.7318061812 share position following the split.
When a company such as Telefonica SA 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 TEF split history from start to finish, an original position size of 1000 shares would have turned into 10966.7318061812 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Telefonica SA shares, starting with a $10,000 purchase of TEF, presented on a split-history-adjusted basis factoring in the complete TEF split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/19/2024 |
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| Start price/share: |
$16.44 |
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| End price/share: |
$4.27 |
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| Starting shares: |
608.27 |
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| Ending shares: |
1,182.37 |
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| Dividends reinvested/share: |
$5.43 |
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| Total return: |
-49.51% |
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| Average Annual Total Return: |
-6.61% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$5,046.66 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/19/2024 |
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| Start price/share: |
$16.44 |
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| End price/share: |
$4.27 |
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| Dividends collected/share: |
$5.43 |
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| Total return: |
-41.02% |
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| Average Annual Total Return: |
-5.14% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$5,899.72 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 12/24/1998 | 102 for 100
| | 04/15/1999 | 102 for 100
| | 07/27/1999 | 3 for 1
| | 11/02/1999 | 102 for 100
| | 01/02/2001 | 102 for 100 | | 03/01/2001 | 102 for 100 | | 01/22/2002 | 102 for 100 | | 03/19/2002 | 102 for 100 | | 03/06/2003 | 102 for 100 | | 06/16/2005 | 104 for 100 | | 01/21/2011 | 3 for 1 |
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