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 Video: What is a Stock Split?
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| Energy holding company with subsidiary operations in natural gas gathering, marketing, processing, storage and transmission; petroleum refining, marketing and distribution and chemicals; gas and oil exploration and production; coal mining; and power. According to our CGP split history records, CGP has had 4 splits. | |
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CGP (CGP) has 4 splits in our CGP split history database. The first split for CGP took place on June 17, 1985. This was a 3 for 2
split, meaning for each 2
shares of CGP owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. CGP's second split took place on March 20, 1987. This was a 3 for 2
split, meaning for each 2
shares of CGP owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. CGP's third split took place on January 02, 1990. This was a 3 for 2
split, meaning for each 2
shares of CGP owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split. CGP's 4th split took place on July 02, 1998. This was a 2 for 1
split, meaning for each share of CGP owned pre-split, the shareholder now owned 2 shares. For example, a 3375 share position pre-split, became a 6750 share position following the split.
When a company such as CGP 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 CGP split history from start to finish, an original position size of 1000 shares would have turned into 6750 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CGP shares, starting with a $10,000 purchase of CGP, presented on a split-history-adjusted basis factoring in the complete CGP split history.
CGP -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 06/17/1985 | 3 for 2
| | 03/20/1987 | 3 for 2
| | 01/02/1990 | 3 for 2
| | 07/02/1998 | 2 for 1
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