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Video: What is a Stock Split?
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Community Bank System is a financial holding company. Through its subsidiary, Community Bank, N.A., Co. operates as a financial services enterprise providing an array of banking and other financial services. In addition, Co. provides employee benefit trust, collective investment fund, retirement plan administration, fund administration, transfer agency, actuarial, VEBA/HRA and health and welfare consulting services. Co. provides wealth management, retirement planning, higher educational planning, fiduciary, risk management, trust services and personal financial planning services. Co. also provides personal and commercial lines of insurance and other risk management products and services. According to our CBU split history records, Community Bank System has had 2 splits. | |
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Community Bank System (CBU) has 2 splits in our CBU split history database. The first split for CBU took place on March 13, 1997. This was a 2 for 1
split, meaning for each share of CBU 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. CBU's second split took place on April 13, 2004. This was a 2 for 1 split, meaning for each share of CBU owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as Community Bank System 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 CBU split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Community Bank System shares, starting with a $10,000 purchase of CBU, presented on a split-history-adjusted basis factoring in the complete CBU 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: |
$37.05 |
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End price/share: |
$44.64 |
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Starting shares: |
269.91 |
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Ending shares: |
361.23 |
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Dividends reinvested/share: |
$15.53 |
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Total return: |
61.26% |
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Average Annual Total Return: |
4.89% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$16,119.10 |
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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: |
$37.05 |
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End price/share: |
$44.64 |
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Dividends collected/share: |
$15.53 |
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Total return: |
62.40% |
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Average Annual Total Return: |
4.97% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$16,242.47 |
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Years: |
10.00 |
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Date |
Ratio |
03/13/1997 | 2 for 1
| 04/13/2004 | 2 for 1 |
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