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Video: What is a Stock Split?
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Capital Product Partners is an international owner of ocean-going vessels. Co.'s fleet consist of Neo-Panamax container carrier vessels, Panamax container carrier vessels, Capesize bulk carrier vessel and liquefied natural gas (LNG) carrier vessels. Co.'s vessels are capable of carrying a range of cargoes including LNG, containerized goods and dry bulk cargo under short-term voyage charters and medium to long-term time charters. Co.'s fleet is managed by Capital Ship Management Corp., Capital-Executive Ship Management Corp. and Capital Gas Ship Management Corp., which are private companies. According to our CPLP split history records, CPLP has had 1 split. | |
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CPLP (CPLP) has 1 split in our CPLP split history database. The split for CPLP took place on March 28, 2019. This was a 1 for 7 reverse split, meaning for each 7 shares of CPLP owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 142.857142857143 share position following the split.
When a company such as CPLP conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the CPLP split history from start to finish, an original position size of 1000 shares would have turned into 142.857142857143 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CPLP shares, starting with a $10,000 purchase of CPLP, presented on a split-history-adjusted basis factoring in the complete CPLP split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
11/11/2014 |
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End date: |
08/23/2024 |
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Start price/share: |
$61.18 |
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End price/share: |
$16.77 |
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Starting shares: |
163.45 |
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Ending shares: |
358.75 |
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Dividends reinvested/share: |
$18.45 |
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Total return: |
-39.84% |
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Average Annual Total Return: |
-5.06% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$6,016.05 |
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Years: |
9.79 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
11/11/2014 |
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End date: |
08/23/2024 |
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Start price/share: |
$61.18 |
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End price/share: |
$16.77 |
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Dividends collected/share: |
$18.45 |
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Total return: |
-42.44% |
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Average Annual Total Return: |
-5.49% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$5,754.64 |
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Years: |
9.79 |
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Date |
Ratio |
03/28/2019 | 1 for 7 |
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