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Video: What is a Stock Split?
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Cleco is a public utility holding company which holds investments in several subsidiaries, including Cleco Power LLC (Cleco Power). Substantially all of Co.'s operations are conducted through Cleco Power. Cleco Power is an electric utility engaged principally in the generation, transmission, distribution, and sale of electricity within Louisiana. Co.'s other operations consist of two transmission interconnection facility subsidiaries, a shared services subsidiary, and an investment subsidiary. As of Dec 31 2014, Cleco Power served approximately 286,000 customers in Louisiana through its retail business and supplies wholesale power in Louisiana and Mississippi. According to our CNL split history records, CNL has had 2 splits. | |
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CNL (CNL) has 2 splits in our CNL split history database. The first split for CNL took place on May 26, 1992. This was a 2 for 1
split, meaning for each share of CNL 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. CNL's second split took place on May 22, 2001. This was a 2 for 1 split, meaning for each share of CNL owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as CNL 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 CNL split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CNL shares, starting with a $10,000 purchase of CNL, presented on a split-history-adjusted basis factoring in the complete CNL split history.

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Date |
Ratio |
05/26/1992 | 2 for 1
| 05/22/2001 | 2 for 1 |
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