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 Video: What is a Stock Split?
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| Barnwell Industries is engaged in the following lines of business: acquiring, developing, producing and selling oil and natural gas in Canada including evaluating proposals by third parties with regard to participation in exploratory and developmental operations elsewhere; investing in land interests in Hawaii; and drilling water and water monitoring wells of varying depths in Hawaii, installing and repairing water pumping systems through its wholly-owned subsidiary, Water Resources International, Inc., which is the distributor for Trillium Flow Technologies pumps and equipment in the state of Hawaii. According to our BRN split history records, Barnwell Industries has had 2 splits. | |
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Barnwell Industries (BRN) has 2 splits in our BRN split history database. The first split for BRN took place on January 31, 2005. This was a 2 for 1 split, meaning for each share of BRN 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. BRN's second split took place on November 15, 2005. This was a 3 for 1 split, meaning for each share of BRN 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 Barnwell Industries 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 BRN 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 Barnwell Industries shares, starting with a $10,000 purchase of BRN, presented on a split-history-adjusted basis factoring in the complete BRN split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/07/2013 |
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| End date: |
10/03/2023 |
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| Start price/share: |
$3.55 |
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| End price/share: |
$2.59 |
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| Starting shares: |
2,816.90 |
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| Ending shares: |
2,897.11 |
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| Dividends reinvested/share: |
$0.07 |
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| Total return: |
-24.96% |
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| Average Annual Total Return: |
-2.83% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$7,505.69 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/07/2013 |
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| End date: |
10/03/2023 |
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| Start price/share: |
$3.55 |
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| End price/share: |
$2.59 |
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| Dividends collected/share: |
$0.07 |
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| Total return: |
-24.93% |
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| Average Annual Total Return: |
-2.83% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$7,505.69 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 01/31/2005 | 2 for 1 | | 11/15/2005 | 3 for 1 |
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