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Video: What is a Stock Split?
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Air T is a holding company. Through its subsidiaries, Co. operates in four industry segments: overnight air cargo, which operates in the air express delivery services industry; ground equipment sales, which manufactures and provides mobile deicers and other equipment products to passenger and cargo airlines, airports, the military and industrial customers; and commercial jet engines and parts, which manages and leases aviation assets, supplies surplus and aftermarket commercial jet engines and jet engine components, provides commercial aircraft disassembly/part-out services, commercial aircraft parts sales, procurement services and overhaul and repair services to airlines. According to our AIRTP split history records, Air T Inc - Trust Preferred Securities has had 1 split. | |
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Air T Inc - Trust Preferred Securities (AIRTP) has 1 split in our AIRTP split history database. The split for AIRTP took place on January 14, 2020. This was a 1 for 10 reverse split, meaning for each 10 shares of AIRTP owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as Air T Inc - Trust Preferred Securities conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the AIRTP split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Air T Inc - Trust Preferred Securities shares, starting with a $10,000 purchase of AIRTP, presented on a split-history-adjusted basis factoring in the complete AIRTP split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
06/14/2019 |
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End date: |
04/18/2024 |
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Start price/share: |
$23.80 |
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End price/share: |
$17.05 |
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Starting shares: |
420.17 |
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Ending shares: |
630.67 |
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Dividends reinvested/share: |
$9.36 |
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Total return: |
7.56% |
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Average Annual Total Return: |
1.51% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$10,753.83 |
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Years: |
4.85 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
06/14/2019 |
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End date: |
04/18/2024 |
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Start price/share: |
$23.80 |
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End price/share: |
$17.05 |
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Dividends collected/share: |
$9.36 |
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Total return: |
10.99% |
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Average Annual Total Return: |
2.17% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$11,097.17 |
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Years: |
4.85 |
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Date |
Ratio |
01/14/2020 | 1 for 10 |
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