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Video: What is a Stock Split?
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Alerus Financial is a financial holding company. Through its subsidiary, Alerus Financial, National Association, Co. provides financial solutions to businesses and consumers through four segments: banking, which provides a line of loan, deposit, cash management, and treasury services; retirement and benefit services, which provides retirement plan administration and investment advisory services, employee stock ownership plan, fiduciary services, payroll, health savings account and other benefit services to clients on a nationwide basis; wealth management, which provides fiduciary services to consumer and commercial clients; and mortgage, which provides first and second mortgage loans. According to our ALRS split history records, Alerus Financial has had 2 splits. | |
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Alerus Financial (ALRS) has 2 splits in our ALRS split history database. The first split for ALRS took place on April 12, 2004. This was a 2 for 1 split, meaning for each share of ALRS owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. ALRS's second split took place on September 15, 2014. This was a 3 for 1 split, meaning for each share of ALRS owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 6000 share position following the split.
When a company such as Alerus Financial 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 ALRS split history from start to finish, an original position size of 1000 shares would have turned into 6000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Alerus Financial shares, starting with a $10,000 purchase of ALRS, presented on a split-history-adjusted basis factoring in the complete ALRS split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
04/25/2024 |
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Start price/share: |
$17.58 |
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End price/share: |
$20.54 |
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Starting shares: |
568.83 |
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Ending shares: |
740.26 |
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Dividends reinvested/share: |
$5.60 |
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Total return: |
52.05% |
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Average Annual Total Return: |
4.28% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$15,204.09 |
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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: |
04/29/2014 |
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End date: |
04/25/2024 |
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Start price/share: |
$17.58 |
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End price/share: |
$20.54 |
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Dividends collected/share: |
$5.60 |
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Total return: |
48.71% |
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Average Annual Total Return: |
4.05% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$14,872.14 |
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Years: |
10.00 |
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Date |
Ratio |
04/12/2004 | 2 for 1 | 09/15/2014 | 3 for 1 |
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