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 Video: What is a Stock Split?
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| Camden National is a bank holding company. The primary business of Co. and its subsidiary, Camden National Bank (the Bank), is to accept deposits from, and to extend loans to, consumer, institutional, municipal, non-profit and commercial customers. The Bank, through Camden National Wealth Management, provides a range of fiduciary and asset management services to both individual and institutional clients, and through Camden Financial Consultants, provides brokerage and insurance and its financial offerings include college, retirement, and estate planning, mutual funds, strategic asset management accounts, and variable and fixed annuities. According to our CAC split history records, Camden National has had 2 splits. | |
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Camden National (CAC) has 2 splits in our CAC split history database. The first split for CAC took place on December 07, 1998. This was a 3 for 1
split, meaning for each share of CAC owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split. CAC's second split took place on October 03, 2016. This was a 3 for 2 split, meaning for each 2 shares of CAC owned pre-split, the shareholder now owned 3 shares. For example, a 3000 share position pre-split, became a 4500 share position following the split.
When a company such as Camden National 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 CAC split history from start to finish, an original position size of 1000 shares would have turned into 4500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Camden National shares, starting with a $10,000 purchase of CAC, presented on a split-history-adjusted basis factoring in the complete CAC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/29/2014 |
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| End date: |
04/26/2024 |
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| Start price/share: |
$25.85 |
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| End price/share: |
$30.50 |
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| Starting shares: |
386.85 |
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| Ending shares: |
537.68 |
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| Dividends reinvested/share: |
$12.03 |
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| Total return: |
63.99% |
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| Average Annual Total Return: |
5.07% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$16,397.87 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/29/2014 |
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| End date: |
04/26/2024 |
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| Start price/share: |
$25.85 |
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| End price/share: |
$30.50 |
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| Dividends collected/share: |
$12.03 |
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| Total return: |
64.53% |
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| Average Annual Total Return: |
5.11% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$16,460.40 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 12/07/1998 | 3 for 1
| | 10/03/2016 | 3 for 2 |
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