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 Video: What is a Stock Split?
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| Cass Information Systems is a financial holding company. Through its subsidiaries, Co. provides payment and information processing services to manufacturing, distribution and retail enterprises across the U.S. Co.'s services include freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information. Co. also processes and pays facility-related invoices, and is a provider of telecom expense management solutions. Co.'s solutions include integrated payments, a B2B payment platform for clients that require a fintech partner. Additionally, Co. provides an on-line platform to provide services for faith-based and non-profit organizations. According to our CASS split history records, Cass Information Systems has had 9 splits. | |
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Cass Information Systems (CASS) has 9 splits in our CASS split history database. The first split for CASS took place on March 17, 1997. This was a 2 for 1
split, meaning for each share of CASS 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. CASS's second split took place on December 03, 2002. This was a 105 for 100 split, meaning for each 100 shares of CASS owned pre-split, the shareholder now owned 105 shares. For example, a 2000 share position pre-split, became a 2100 share position following the split. CASS's third split took place on March 03, 2004. This was a 11 for 10 split, meaning for each 10 shares of CASS owned pre-split, the shareholder now owned 11 shares. For example, a 2100 share position pre-split, became a 2310 share position following the split. CASS's 4th split took place on September 16, 2005. This was a 3 for 2 split, meaning for each 2 shares of CASS owned pre-split, the shareholder now owned 3 shares. For example, a 2310 share position pre-split, became a 3465 share position following the split. CASS's 5th split took place on September 18, 2006. This was a 3 for 2 split, meaning for each 2 shares of CASS owned pre-split, the shareholder now owned 3 shares. For example, a 3465 share position pre-split, became a 5197.5 share position following the split. CASS's 6th split took place on November 29, 2007. This was a 11 for 10 split, meaning for each 10 shares of CASS owned pre-split, the shareholder now owned 11 shares. For example, a 5197.5 share position pre-split, became a 5717.25 share position following the split. CASS's 7th split took place on December 03, 2012. This was a 11 for 10 split, meaning for each 10 shares of CASS owned pre-split, the shareholder now owned 11 shares. For example, a 5717.25 share position pre-split, became a 6288.975 share position following the split. CASS's 8th split took place on December 04, 2017. This was a 11 for 10 split, meaning for each 10 shares of CASS owned pre-split, the shareholder now owned 11 shares. For example, a 6288.975 share position pre-split, became a 6917.8725 share position following the split. CASS's 9th split took place on December 03, 2018. This was a 6 for 5 split, meaning for each 5 shares of CASS owned pre-split, the shareholder now owned 6 shares. For example, a 6917.8725 share position pre-split, became a 8301.447 share position following the split.
When a company such as Cass Information Systems 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 CASS split history from start to finish, an original position size of 1000 shares would have turned into 8301.447 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Cass Information Systems shares, starting with a $10,000 purchase of CASS, presented on a split-history-adjusted basis factoring in the complete CASS 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: |
04/25/2024 |
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| Start price/share: |
$38.08 |
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| End price/share: |
$43.44 |
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| Starting shares: |
262.61 |
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| Ending shares: |
324.32 |
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| Dividends reinvested/share: |
$9.22 |
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| Total return: |
40.88% |
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| Average Annual Total Return: |
3.49% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,091.04 |
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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: |
04/25/2024 |
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| Start price/share: |
$38.08 |
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| End price/share: |
$43.44 |
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| Dividends collected/share: |
$9.22 |
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| Total return: |
38.28% |
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| Average Annual Total Return: |
3.29% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$13,821.15 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 03/17/1997 | 2 for 1
| | 12/03/2002 | 105 for 100 | | 03/03/2004 | 11 for 10 | | 09/16/2005 | 3 for 2 | | 09/18/2006 | 3 for 2 | | 11/29/2007 | 11 for 10 | | 12/03/2012 | 11 for 10 | | 12/04/2017 | 11 for 10 | | 12/03/2018 | 6 for 5 |
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