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 Video: What is a Stock Split?
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| Sells insurance and financial services through independent agents that retain ownership. The Company seeks to make agency ownership more attainable more valuable more liquid and easily transferable. According to our BXX split history records, BXX has had 1 split. | |
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BXX (BXX) has 1 split in our BXX split history database. The split for BXX took place on June 14, 2004. This was a 2 for 1 split, meaning for each share of BXX 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.
When a company such as BXX 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 BXX split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into BXX shares, starting with a $10,000 purchase of BXX, presented on a split-history-adjusted basis factoring in the complete BXX split history.
BXX -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 06/14/2004 | 2 for 1 |
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