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Video: What is a Stock Split?
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Center Bancorp is a bank holding company. Through its subsidiary, Union Center National Bank (the Bank), Co. provides a range of banking services to individual and corporate customers in Union, Morris, and Bergen counties, NJ. The Bank provides a range of lending, depository and related financial services. In the lending area, the Bank's services include short and medium term loans, lines of credit, letters of credit, working capital loans, real estate construction loans and mortgage loans. In addition, the Bank provides collection services, wire transfers, night depository and lock box services. At Dec 31 2012, Co. had total assets of $1.63 billion and total deposits of $1.31 billion. According to our CNBC split history records, CNBC has had 9 splits. | |
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CNBC (CNBC) has 9 splits in our CNBC split history database. The first split for CNBC took place on June 03, 1996. This was a 3 for 2
split, meaning for each 2
shares of CNBC 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. CNBC's second split took place on May 14, 1997. This was a 21 for 20
split, meaning for each 20
shares of CNBC 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. CNBC's third split took place on June 01, 1998. This was a 3 for 2
split, meaning for each 2
shares of CNBC owned pre-split, the shareholder now owned 3 shares. For example, a 1575 share position pre-split, became a 2362.5 share position following the split. CNBC's 4th split took place on May 14, 1999. This was a 105 for 100
split, meaning for each 100
shares of CNBC owned pre-split, the shareholder now owned 105 shares. For example, a 2362.5 share position pre-split, became a 2480.625 share position following the split. CNBC's 5th split took place on May 16, 2001. This was a 105 for 100 split, meaning for each 100 shares of CNBC owned pre-split, the shareholder now owned 105 shares. For example, a 2480.625 share position pre-split, became a 2604.65625 share position following the split. CNBC's 6th split took place on May 15, 2002. This was a 105 for 100 split, meaning for each 100 shares of CNBC owned pre-split, the shareholder now owned 105 shares. For example, a 2604.65625 share position pre-split, became a 2734.8890625 share position following the split. CNBC's 7th split took place on June 03, 2003. This was a 2 for 1 split, meaning for each share of CNBC owned pre-split, the shareholder now owned 2 shares. For example, a 2734.8890625 share position pre-split, became a 5469.778125 share position following the split. CNBC's 8th split took place on May 26, 2005. This was a 105 for 100 split, meaning for each 100 shares of CNBC owned pre-split, the shareholder now owned 105 shares. For example, a 5469.778125 share position pre-split, became a 5743.26703125 share position following the split. CNBC's 9th split took place on April 27, 2007. This was a 105 for 100 split, meaning for each 100 shares of CNBC owned pre-split, the shareholder now owned 105 shares. For example, a 5743.26703125 share position pre-split, became a 6030.4303828125 share position following the split.
When a company such as CNBC 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 CNBC split history from start to finish, an original position size of 1000 shares would have turned into 6030.4303828125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CNBC shares, starting with a $10,000 purchase of CNBC, presented on a split-history-adjusted basis factoring in the complete CNBC split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
03/19/2014 |
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End date: |
07/03/2014 |
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Start price/share: |
$19.08 |
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End price/share: |
$19.23 |
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Starting shares: |
524.11 |
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Ending shares: |
526.20 |
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Dividends reinvested/share: |
$0.07 |
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Total return: |
1.19% |
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Annualized Gain: |
4.09% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$10,119.00 |
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Years: |
0.29 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
03/19/2014 |
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End date: |
07/03/2014 |
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Start price/share: |
$19.08 |
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End price/share: |
$19.23 |
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Dividends collected/share: |
$0.07 |
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Total return: |
1.18% |
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Annualized Gain: |
4.06% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$10,118.00 |
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Years: |
0.29 |
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Date |
Ratio |
06/03/1996 | 3 for 2
| 05/14/1997 | 21 for 20
| 06/01/1998 | 3 for 2
| 05/14/1999 | 105 for 100
| 05/16/2001 | 105 for 100 | 05/15/2002 | 105 for 100 | 06/03/2003 | 2 for 1 | 05/26/2005 | 105 for 100 | 04/27/2007 | 105 for 100 |
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