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 Video: What is a Stock Split?
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| Alliance Resource Partners is a natural resource company. Co. is a coal producer in the eastern United States with seven underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia as well as a coal loading terminal in Indiana. Co. markets its coal production to main domestic and international utilities and industrial users. Co. has three segments: Illinois Basin, which includes its operating mining complexes Gibson County Coal, LLC's mining complex; Appalachia, which includes its operating mining complexes the Mettiki mining complex, the Tunnel Ridge mining complex and the MC Mining mining complex; and Minerals, which includes oil and gas mineral interests. According to our ARLP split history records, Alliance Resource Partners LP has had 2 splits. | |
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Alliance Resource Partners LP (ARLP) has 2 splits in our ARLP split history database. The first split for ARLP took place on September 16, 2005. This was a 2 for 1 split, meaning for each share of ARLP 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. ARLP's second split took place on June 17, 2014. This was a 2 for 1 split, meaning for each share of ARLP 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.
When a company such as Alliance Resource Partners LP 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 ARLP split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Alliance Resource Partners LP shares, starting with a $10,000 purchase of ARLP, presented on a split-history-adjusted basis factoring in the complete ARLP split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/14/2011 |
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| End date: |
04/13/2021 |
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| Start price/share: |
$37.43 |
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| End price/share: |
$5.65 |
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| Starting shares: |
267.17 |
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| Ending shares: |
598.56 |
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| Dividends reinvested/share: |
$19.37 |
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| Total return: |
-66.18% |
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| Average Annual Total Return: |
-10.27% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$3,381.57 |
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| Years: |
10.01 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/14/2011 |
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| End date: |
04/13/2021 |
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| Start price/share: |
$37.43 |
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| End price/share: |
$5.65 |
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| Dividends collected/share: |
$19.37 |
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| Total return: |
-33.16% |
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| Average Annual Total Return: |
-3.95% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$6,681.56 |
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| Years: |
10.01 |
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| Date |
Ratio |
| 09/16/2005 | 2 for 1 | | 06/17/2014 | 2 for 1 |
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