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Video: What is a Stock Split?
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Bain Capital Specialty Finance is an externally managed, closed-end, non-diversified management investment company. Co. focuses on lending to middle market companies. According to our BCSF split history records, Bain Capital Specialty Finance has had 2 splits. | |
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Bain Capital Specialty Finance (BCSF) has 2 splits in our BCSF split history database. The first split for BCSF took place on December 29, 1999. This was a 11 for 10
split, meaning for each 10
shares of BCSF owned pre-split, the shareholder now owned 11 shares. For example, a 1000 share position pre-split, became a 1100 share position following the split. BCSF's second split took place on May 12, 2020. This was a 1019 for 1000 split, meaning for each 1000 shares of BCSF owned pre-split, the shareholder now owned 1019 shares. For example, a 1100 share position pre-split, became a 1120.9 share position following the split.
When a company such as Bain Capital Specialty Finance 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 BCSF split history from start to finish, an original position size of 1000 shares would have turned into 1120.9 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Bain Capital Specialty Finance shares, starting with a $10,000 purchase of BCSF, presented on a split-history-adjusted basis factoring in the complete BCSF split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
11/16/2018 |
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End date: |
03/27/2024 |
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Start price/share: |
$18.16 |
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End price/share: |
$15.68 |
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Starting shares: |
550.66 |
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Ending shares: |
978.68 |
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Dividends reinvested/share: |
$8.22 |
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Total return: |
53.46% |
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Average Annual Total Return: |
8.31% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$15,341.95 |
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Years: |
5.36 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
11/16/2018 |
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End date: |
03/27/2024 |
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Start price/share: |
$18.16 |
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End price/share: |
$15.68 |
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Dividends collected/share: |
$8.22 |
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Total return: |
31.63% |
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Average Annual Total Return: |
5.26% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$13,163.40 |
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Years: |
5.36 |
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Date |
Ratio |
12/29/1999 | 11 for 10
| 05/12/2020 | 1019 for 1000 |
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