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Video: What is a Stock Split?
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ChoiceOne Financial Services is a financial holding company. Through its subsidiary, ChoiceOne Bank (the Bank), Co. provides a variety of deposit, payment, credit and other financial services. These services include time, savings, and demand deposits, safe deposit services, and automated transaction machine services. Loans, both commercial and consumer, are extended primarily on a secured basis to corporations, partnerships and individuals. Commercial lending covers such categories as business, industry, agricultural, construction, inventory and real estate. The Bank's consumer loan departments make direct and indirect loans to consumers and purchasers of residential and real property. According to our COFS split history records, ChoiceOne Financial Services has had 3 splits. | |
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ChoiceOne Financial Services (COFS) has 3 splits in our COFS split history database. The first split for COFS took place on May 05, 2005. This was a 105 for 100 split, meaning for each 100 shares of COFS owned pre-split, the shareholder now owned 105 shares. For example, a 1000 share position pre-split, became a 1050 share position following the split. COFS's second split took place on May 08, 2017. This was a 105 for 100 split, meaning for each 100 shares of COFS owned pre-split, the shareholder now owned 105 shares. For example, a 1050 share position pre-split, became a 1102.5 share position following the split. COFS's third split took place on May 09, 2018. This was a 105 for 100 split, meaning for each 100 shares of COFS owned pre-split, the shareholder now owned 105 shares. For example, a 1102.5 share position pre-split, became a 1157.625 share position following the split.
When a company such as ChoiceOne Financial Services 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 COFS split history from start to finish, an original position size of 1000 shares would have turned into 1157.625 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ChoiceOne Financial Services shares, starting with a $10,000 purchase of COFS, presented on a split-history-adjusted basis factoring in the complete COFS split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
04/25/2024 |
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Start price/share: |
$16.10 |
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End price/share: |
$23.77 |
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Starting shares: |
621.12 |
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Ending shares: |
878.07 |
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Dividends reinvested/share: |
$8.46 |
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Total return: |
108.72% |
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Average Annual Total Return: |
7.64% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$20,876.10 |
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Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
04/25/2024 |
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Start price/share: |
$16.10 |
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End price/share: |
$23.77 |
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Dividends collected/share: |
$8.46 |
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Total return: |
100.22% |
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Average Annual Total Return: |
7.19% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$20,019.82 |
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Years: |
10.00 |
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Date |
Ratio |
05/05/2005 | 105 for 100 | 05/08/2017 | 105 for 100 | 05/09/2018 | 105 for 100 |
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