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 Video: What is a Stock Split?
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| CPFL Energia SA is a holding company that, through its subsidiaries, distributes, generates, transmits and commercializes electricity in Brazil as well as provides energy-related services. Co. also engages in power commercialization, buying and selling electricity to power producers, Free Consumers and power trading companies. Co. also provides agency services to Free Consumers before the Camara de Comercializacao de Energia Eletrica and other agents, as well as electricity-related services to its affiliates and unaffiliated parties. Co. has five operating segments: distribution; conventional generation sources; renewable generation sources; commercialization; and services. According to our CPL split history records, CPL has had 4 splits. | |
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CPL (CPL) has 4 splits in our CPL split history database. The first split for CPL took place on February 01, 1993. This was a 2 for 1
split, meaning for each share of CPL 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. CPL's second split took place on July 06, 2011. This was a 3 for 1 split, meaning for each share of CPL owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 6000 share position following the split. CPL's third split took place on April 30, 2015. This was a 1032 for 1000 split, meaning for each 1000 shares of CPL owned pre-split, the shareholder now owned 1032 shares. For example, a 6000 share position pre-split, became a 6192 share position following the split. CPL's 4th split took place on May 10, 2016. This was a 10251 for 10000 split, meaning for each 10000 shares of CPL owned pre-split, the shareholder now owned 10251 shares. For example, a 6192 share position pre-split, became a 6347.4192 share position following the split.
When a company such as CPL 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 CPL split history from start to finish, an original position size of 1000 shares would have turned into 6347.4192 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CPL shares, starting with a $10,000 purchase of CPL, presented on a split-history-adjusted basis factoring in the complete CPL split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/09/2014 |
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| End date: |
02/05/2020 |
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| Start price/share: |
$13.42 |
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| End price/share: |
$17.36 |
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| Starting shares: |
745.16 |
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| Ending shares: |
781.26 |
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| Dividends reinvested/share: |
$0.66 |
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| Total return: |
35.63% |
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| Average Annual Total Return: |
6.08% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$13,561.60 |
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| Years: |
5.16 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/09/2014 |
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| End date: |
02/05/2020 |
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| Start price/share: |
$13.42 |
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| End price/share: |
$17.36 |
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| Dividends collected/share: |
$0.66 |
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| Total return: |
34.26% |
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| Average Annual Total Return: |
5.87% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$13,423.60 |
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| Years: |
5.16 |
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| Date |
Ratio |
| 02/01/1993 | 2 for 1
| | 07/06/2011 | 3 for 1 | | 04/30/2015 | 1032 for 1000 | | 05/10/2016 | 10251 for 10000 |
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