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 Video: What is a Stock Split?
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| General Cable is engaged in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for use in the energy, industrial, construction, specialty and communications markets. Additionally, Co. is engaged in the design, integration, and installation on a turn-key basis for products such as high and extra-high voltage terrestrial and submarine systems. Co. four geographic operating and reportable segments are North America, Europe, Latin America, and Africa/Asia Pacific. The majority of products sold by Co.'s four segments include electric utility, electrical infrastructure, communications, construction, and rod mill. According to our BGC split history records, BGC has had 1 split. | |
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BGC (BGC) has 1 split in our BGC split history database. The split for BGC took place on May 15, 1998. This was a 3 for 2
split, meaning for each 2
shares of BGC 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.
When a company such as BGC 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 BGC split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into BGC shares, starting with a $10,000 purchase of BGC, presented on a split-history-adjusted basis factoring in the complete BGC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/02/2013 |
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| End date: |
06/06/2018 |
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| Start price/share: |
$36.12 |
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| End price/share: |
$30.00 |
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| Starting shares: |
276.85 |
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| Ending shares: |
335.45 |
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| Dividends reinvested/share: |
$3.60 |
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| Total return: |
0.64% |
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| Average Annual Total Return: |
0.12% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$10,062.33 |
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| Years: |
5.18 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/02/2013 |
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| End date: |
06/06/2018 |
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| Start price/share: |
$36.12 |
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| End price/share: |
$30.00 |
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| Dividends collected/share: |
$3.60 |
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| Total return: |
-6.98% |
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| Average Annual Total Return: |
-1.39% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$9,300.48 |
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| Years: |
5.18 |
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| Date |
Ratio |
| 05/15/1998 | 3 for 2
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