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 Video: What is a Stock Split?
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| Canadian National Railway is engaged in the rail and related transportation business. Co.'s network of track spans Canada and the U.S., the only railroad connecting Canada's Eastern and Western coasts with the U.S. South. Co.'s network and connections to railroads provide its customers access to Canada, the U.S. and Mexico. Co. transports cargo, serving exporters, importers, retailers, farmers and manufacturers. According to our CNI split history records, Canadian National Railway has had 4 splits. | |
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Canadian National Railway (CNI) has 4 splits in our CNI split history database. The first split for CNI took place on September 28, 1999. This was a 2 for 1
split, meaning for each share of CNI owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. CNI's second split took place on March 01, 2004. This was a 3 for 2 split, meaning for each 2 shares of CNI owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 3000 share position following the split. CNI's third split took place on March 01, 2006. This was a 2 for 1 split, meaning for each share of CNI owned pre-split, the shareholder now owned 2 shares. For example, a 3000 share position pre-split, became a 6000 share position following the split. CNI's 4th split took place on December 02, 2013. This was a 2 for 1 split, meaning for each share of CNI owned pre-split, the shareholder now owned 2 shares. For example, a 6000 share position pre-split, became a 12000 share position following the split.
When a company such as Canadian National Railway 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 CNI split history from start to finish, an original position size of 1000 shares would have turned into 12000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Canadian National Railway shares, starting with a $10,000 purchase of CNI, presented on a split-history-adjusted basis factoring in the complete CNI split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/07/2013 |
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| End date: |
10/03/2023 |
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| Start price/share: |
$51.89 |
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| End price/share: |
$106.08 |
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| Starting shares: |
192.72 |
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| Ending shares: |
229.01 |
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| Dividends reinvested/share: |
$15.12 |
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| Total return: |
142.94% |
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| Average Annual Total Return: |
9.29% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$24,299.25 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/07/2013 |
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| End date: |
10/03/2023 |
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| Start price/share: |
$51.89 |
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| End price/share: |
$106.08 |
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| Dividends collected/share: |
$15.12 |
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| Total return: |
133.57% |
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| Average Annual Total Return: |
8.86% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$23,360.45 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 09/28/1999 | 2 for 1
| | 03/01/2004 | 3 for 2 | | 03/01/2006 | 2 for 1 | | 12/02/2013 | 2 for 1 |
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