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 Video: What is a Stock Split?
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| TCF Financial is a financial holding company. Co.'s subsidiary, Chemical Bank, provides a range of banking and fiduciary products and services. These include business and personal checking accounts, savings and individual retirement accounts, time deposit instruments, electronically accessed banking products, residential and commercial real estate financing, commercial lending, consumer financing, debit cards, safe deposit box services, money transfer services, automated teller machines, access to insurance and investment products, corporate and personal wealth management services, mortgage banking and other banking services. According to our CHFC split history records, CHFC has had 10 splits. | |
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CHFC (CHFC) has 10 splits in our CHFC split history database. The first split for CHFC took place on January 23, 1995. This was a 3 for 2
split, meaning for each 2
shares of CHFC 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. CHFC's second split took place on December 13, 1996. This was a 21 for 20
split, meaning for each 20
shares of CHFC owned pre-split, the shareholder now owned 21 shares. For example, a 1500 share position pre-split, became a 1575 share position following the split. CHFC's third split took place on December 15, 1997. This was a 21 for 20
split, meaning for each 20
shares of CHFC owned pre-split, the shareholder now owned 21 shares. For example, a 1575 share position pre-split, became a 1653.75 share position following the split. CHFC's 4th split took place on December 17, 1998. This was a 5 for 4
split, meaning for each 4
shares of CHFC owned pre-split, the shareholder now owned 5 shares. For example, a 1653.75 share position pre-split, became a 2067.1875 share position following the split. CHFC's 5th split took place on January 05, 2000. This was a 105 for 100
split, meaning for each 100
shares of CHFC owned pre-split, the shareholder now owned 105 shares. For example, a 2067.1875 share position pre-split, became a 2170.546875 share position following the split. CHFC's 6th split took place on December 05, 2001. This was a 105 for 100 split, meaning for each 100 shares of CHFC owned pre-split, the shareholder now owned 105 shares. For example, a 2170.546875 share position pre-split, became a 2279.07421875 share position following the split. CHFC's 7th split took place on January 02, 2003. This was a 105 for 100 split, meaning for each 100 shares of CHFC owned pre-split, the shareholder now owned 105 shares. For example, a 2279.07421875 share position pre-split, became a 2393.0279296875 share position following the split. CHFC's 8th split took place on December 24, 1992. This was a 6 for 5 split, meaning for each 5 shares of CHFC owned pre-split, the shareholder now owned 6 shares. For example, a 2393.0279296875 share position pre-split, became a 2871.633515625 share position following the split. CHFC's 9th split took place on December 28, 1993. This was a 105 for 100 split, meaning for each 100 shares of CHFC owned pre-split, the shareholder now owned 105 shares. For example, a 2871.633515625 share position pre-split, became a 3015.21519140625 share position following the split. CHFC's 10th split took place on January 06, 2005. This was a 105 for 100 split, meaning for each 100 shares of CHFC owned pre-split, the shareholder now owned 105 shares. For example, a 3015.21519140625 share position pre-split, became a 3165.97595097656 share position following the split.
When a company such as CHFC 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 CHFC split history from start to finish, an original position size of 1000 shares would have turned into 3165.97595097656 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CHFC shares, starting with a $10,000 purchase of CHFC, presented on a split-history-adjusted basis factoring in the complete CHFC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
06/06/2013 |
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| End date: |
07/31/2019 |
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| Start price/share: |
$25.59 |
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| End price/share: |
$42.04 |
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| Starting shares: |
390.78 |
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| Ending shares: |
461.34 |
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| Dividends reinvested/share: |
$6.47 |
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| Total return: |
93.95% |
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| Average Annual Total Return: |
11.37% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$19,399.24 |
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| Years: |
6.15 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
06/06/2013 |
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| End date: |
07/31/2019 |
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| Start price/share: |
$25.59 |
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| End price/share: |
$42.04 |
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| Dividends collected/share: |
$6.47 |
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| Total return: |
89.57% |
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| Average Annual Total Return: |
10.95% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$18,953.42 |
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| Years: |
6.15 |
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| Date |
Ratio |
| 01/23/1995 | 3 for 2
| | 12/13/1996 | 21 for 20
| | 12/15/1997 | 21 for 20
| | 12/17/1998 | 5 for 4
| | 01/05/2000 | 105 for 100
| | 12/05/2001 | 105 for 100 | | 01/02/2003 | 105 for 100 | | 12/24/1992 | 6 for 5 | | 12/28/1993 | 105 for 100 | | 01/06/2005 | 105 for 100 |
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