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Video: What is a Stock Split?
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Holding company of The Cincinnati Gas & Electric Company and PSI Energy Inc. public utilities engaged in the production transmission and sale of electric energy and/or the sale and transportation of natural gas in portions of Ohio Kentucky and Indiana. According to our CIN split history records, CIN has had 1 split. | |
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CIN (CIN) has 1 split in our CIN split history database. The split for CIN took place on December 03, 1992. This was a 3 for 2
split, meaning for each 2
shares of CIN 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.
When a company such as CIN 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 CIN split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CIN shares, starting with a $10,000 purchase of CIN, presented on a split-history-adjusted basis factoring in the complete CIN split history.
CIN -- use the split history when considering split-adjusted past price performance. |
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Date |
Ratio |
12/03/1992 | 3 for 2
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