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 Video: What is a Stock Split?
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| Aflac is a holding company. Through its subsidiaries, provides financial protection to people worldwide. Co.'s principal business is supplemental health and life insurance products in the U.S. and Japan. Co.'s insurance business consists of two reporting segments: Aflac Japan, which provides third sector insurance products which are supplemental products designed to help consumers pay for medical and nonmedical costs that are not reimbursed under Japan's national health insurance system; and Aflac U.S., which designs its U.S. insurance products to provide supplemental coverage for people who already have primary medical or primary insurance coverage. According to our AFL split history records, AFLAC has had 9 splits. | |
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AFLAC (AFL) has 9 splits in our AFL split history database. The first split for AFL took place on June 04, 1985. This was a 3 for 2
split, meaning for each 2
shares of AFL 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. AFL's second split took place on March 03, 1986. This was a 4 for 3
split, meaning for each 3
shares of AFL owned pre-split, the shareholder now owned 4 shares. For example, a 1500 share position pre-split, became a 2000 share position following the split. AFL's third split took place on February 03, 1987. This was a 2 for 1
split, meaning for each share of AFL owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. AFL's 4th split took place on June 15, 1993. This was a 5 for 4
split, meaning for each 4
shares of AFL owned pre-split, the shareholder now owned 5 shares. For example, a 4000 share position pre-split, became a 5000 share position following the split. AFL's 5th split took place on March 18, 1996. This was a 3 for 2
split, meaning for each 2
shares of AFL owned pre-split, the shareholder now owned 3 shares. For example, a 5000 share position pre-split, became a 7500 share position following the split. AFL's 6th split took place on June 09, 1998. This was a 2 for 1
split, meaning for each share of AFL owned pre-split, the shareholder now owned 2 shares. For example, a 7500 share position pre-split, became a 15000 share position following the split. AFL's 7th split took place on March 19, 2001. This was a 2 for 1 split, meaning for each share of AFL owned pre-split, the shareholder now owned 2 shares. For example, a 15000 share position pre-split, became a 30000 share position following the split. AFL's 8th split took place on March 16, 2018. AFL's 9th split took place on March 19, 2018. This was a 2 for 1 split, meaning for each share of AFL owned pre-split, the shareholder now owned 2 shares. For example, a 30000 share position pre-split, became a 60000 share position following the split.
When a company such as AFLAC 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 AFL split history from start to finish, an original position size of 1000 shares would have turned into 60000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into AFLAC shares, starting with a $10,000 purchase of AFL, presented on a split-history-adjusted basis factoring in the complete AFL split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
09/17/2014 |
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| End date: |
09/13/2024 |
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| Start price/share: |
$29.17 |
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| End price/share: |
$108.59 |
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| Starting shares: |
342.82 |
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| Ending shares: |
435.82 |
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| Dividends reinvested/share: |
$12.03 |
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| Total return: |
373.26% |
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| Average Annual Total Return: |
16.82% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$47,313.71 |
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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: |
09/17/2014 |
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| End date: |
09/13/2024 |
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| Start price/share: |
$29.17 |
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| End price/share: |
$108.59 |
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| Dividends collected/share: |
$12.03 |
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| Total return: |
313.49% |
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| Average Annual Total Return: |
15.26% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$41,363.49 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/04/1985 | 3 for 2
| | 03/03/1986 | 4 for 3
| | 02/03/1987 | 2 for 1
| | 06/15/1993 | 5 for 4
| | 03/18/1996 | 3 for 2
| | 06/09/1998 | 2 for 1
| | 03/19/2001 | 2 for 1 | | 03/16/2018 | 1 for 1 | | 03/19/2018 | 2 for 1 |
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