 |
 Video: What is a Stock Split?
|
|
|
| Artesian Resources Corporation is a holding company. Co. offers water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. Co. operates through the Regulated Utility segment. The Regulated Utility segment includes an aggregation of its five regulated utility subsidiaries that are in the business of providing regulated water and wastewater services on the Delmarva Peninsula. Its regulated water utility services include treating, distributing, and selling water to residential, commercial, industrial, governmental, municipal, and utility customers throughout the State of Delaware and in Cecil County, Maryland, and to a residential community in Chester County, Pennsylvania. According to our ARTNA split history records, Artesian Resources has had 2 splits. | |
|
Artesian Resources (ARTNA) has 2 splits in our ARTNA split history database. The first split for ARTNA took place on July 01, 2003. This was a 3 for 2 split, meaning for each 2 shares of ARTNA 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. ARTNA's second split took place on July 03, 2006. This was a 3 for 2 split, meaning for each 2 shares of ARTNA owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split.
When a company such as Artesian Resources 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 ARTNA split history from start to finish, an original position size of 1000 shares would have turned into 2250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Artesian Resources shares, starting with a $10,000 purchase of ARTNA, presented on a split-history-adjusted basis factoring in the complete ARTNA split history.
Growth of $10,000.00
With Dividends Reinvested
|
| Start date: |
12/10/2015 |
|
| End date: |
12/08/2025 |
|
| Start price/share: |
$25.29 |
|
| End price/share: |
$30.90 |
|
| Starting shares: |
395.41 |
|
| Ending shares: |
522.46 |
|
| Dividends reinvested/share: |
$10.46 |
|
| Total return: |
61.44% |
|
| Average Annual Total Return: |
4.90% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$16,136.59 |
|
| Years: |
10.00 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
12/10/2015 |
|
| End date: |
12/08/2025 |
|
| Start price/share: |
$25.29 |
|
| End price/share: |
$30.90 |
|
| Dividends collected/share: |
$10.46 |
|
| Total return: |
63.54% |
|
| Average Annual Total Return: |
5.04% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$16,353.31 |
|
| Years: |
10.00 |
|
|
|
| Date |
Ratio |
| 07/01/2003 | 3 for 2 | | 07/03/2006 | 3 for 2 |
|
|
Free ARTNA Email Alerts:
