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 Video: What is a Stock Split?
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| Cortland Bancorp is a bank holding company. Co. owns, manages and supervises The Cortland Savings and Banking Company (the Bank). The Bank is engaged in commercial and retail banking. The Bank's services include checking accounts, savings accounts, time deposit accounts, commercial, mortgage and installment loans, night depository, automated teller services, safe deposit boxes and other miscellaneous services provided by commercial banks. Commercial lending includes commercial, financial loans, real estate construction and development loans, commercial real estate loans, small business lending and trade financing. The Bank also provides a variety of Internet and mobile banking options. According to our CLDB split history records, CLDB has had 11 splits. | |
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CLDB (CLDB) has 11 splits in our CLDB split history database. The first split for CLDB took place on December 08, 1999. This was a 103 for 100
split, meaning for each 100
shares of CLDB owned pre-split, the shareholder now owned 103 shares. For example, a 1000 share position pre-split, became a 1030 share position following the split. CLDB's second split took place on December 12, 2000. This was a 103 for 100 split, meaning for each 100 shares of CLDB owned pre-split, the shareholder now owned 103 shares. For example, a 1030 share position pre-split, became a 1060.9 share position following the split. CLDB's third split took place on December 12, 2001. This was a 103 for 100 split, meaning for each 100 shares of CLDB owned pre-split, the shareholder now owned 103 shares. For example, a 1060.9 share position pre-split, became a 1092.727 share position following the split. CLDB's 4th split took place on December 11, 2002. This was a 103 for 100 split, meaning for each 100 shares of CLDB owned pre-split, the shareholder now owned 103 shares. For example, a 1092.727 share position pre-split, became a 1125.50881 share position following the split. CLDB's 5th split took place on December 10, 2003. This was a 103 for 100 split, meaning for each 100 shares of CLDB owned pre-split, the shareholder now owned 103 shares. For example, a 1125.50881 share position pre-split, became a 1159.2740743 share position following the split. CLDB's 6th split took place on December 08, 2004. This was a 103 for 100 split, meaning for each 100 shares of CLDB owned pre-split, the shareholder now owned 103 shares. For example, a 1159.2740743 share position pre-split, became a 1194.052296529 share position following the split. CLDB's 7th split took place on December 07, 2005. This was a 103 for 100 split, meaning for each 100 shares of CLDB owned pre-split, the shareholder now owned 103 shares. For example, a 1194.052296529 share position pre-split, became a 1229.87386542487 share position following the split. CLDB's 8th split took place on December 13, 2006. This was a 102 for 100 split, meaning for each 100 shares of CLDB owned pre-split, the shareholder now owned 102 shares. For example, a 1229.87386542487 share position pre-split, became a 1254.47134273337 share position following the split. CLDB's 9th split took place on December 12, 2007. This was a 101 for 100 split, meaning for each 100 shares of CLDB owned pre-split, the shareholder now owned 101 shares. For example, a 1254.47134273337 share position pre-split, became a 1267.0160561607 share position following the split. CLDB's 10th split took place on December 10, 2008. This was a 101 for 100 split, meaning for each 100 shares of CLDB owned pre-split, the shareholder now owned 101 shares. For example, a 1267.0160561607 share position pre-split, became a 1279.68621672231 share position following the split. CLDB's 11th split took place on March 05, 2009. This was a 101 for 100 split, meaning for each 100 shares of CLDB owned pre-split, the shareholder now owned 101 shares. For example, a 1279.68621672231 share position pre-split, became a 1292.48307888953 share position following the split.
When a company such as CLDB 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 CLDB split history from start to finish, an original position size of 1000 shares would have turned into 1292.48307888953 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CLDB shares, starting with a $10,000 purchase of CLDB, presented on a split-history-adjusted basis factoring in the complete CLDB split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
06/23/2015 |
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| End date: |
11/01/2021 |
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| Start price/share: |
$14.64 |
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| End price/share: |
$29.15 |
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| Starting shares: |
683.06 |
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| Ending shares: |
797.07 |
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| Dividends reinvested/share: |
$2.88 |
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| Total return: |
132.35% |
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| Average Annual Total Return: |
14.16% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$23,229.56 |
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| Years: |
6.36 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
06/23/2015 |
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| End date: |
11/01/2021 |
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| Start price/share: |
$14.64 |
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| End price/share: |
$29.15 |
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| Dividends collected/share: |
$2.88 |
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| Total return: |
118.78% |
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| Average Annual Total Return: |
13.09% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$21,878.23 |
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| Years: |
6.36 |
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| Date |
Ratio |
| 12/08/1999 | 103 for 100
| | 12/12/2000 | 103 for 100 | | 12/12/2001 | 103 for 100 | | 12/11/2002 | 103 for 100 | | 12/10/2003 | 103 for 100 | | 12/08/2004 | 103 for 100 | | 12/07/2005 | 103 for 100 | | 12/13/2006 | 102 for 100 | | 12/12/2007 | 101 for 100 | | 12/10/2008 | 101 for 100 | | 03/05/2009 | 101 for 100 |
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