 |
 Video: What is a Stock Split?
|
|
|
| CSX provides rail-based freight transportation services. Co.'s principal operating subsidiary, CSX Transportation, Inc., provides a link to the transportation supply chain through its rail network, which serves centers in states east of the Mississippi River, the District of Columbia and the Canadian provinces of Ontario and Quebec. Co.'s CSX Intermodal Terminals, Inc. subsidiary owns and operates a system of intermodal terminals, primarily in the eastern United States and also performs drayage services (the pickup and delivery of intermodal shipments). Co.'s Total Distribution Services, Inc. subsidiary serves the automotive industry with distribution centers and storage locations. According to our CSX split history records, CSX has had 4 splits. | |
|
CSX (CSX) has 4 splits in our CSX split history database. The first split for CSX took place on October 26, 1983. This was a 3 for 1
split, meaning for each share of CSX owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split. CSX's second split took place on December 22, 1995. This was a 2 for 1
split, meaning for each share of CSX 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. CSX's third split took place on August 16, 2006. This was a 2 for 1 split, meaning for each share of CSX 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. CSX's 4th split took place on June 16, 2011. This was a 3 for 1 split, meaning for each share of CSX owned pre-split, the shareholder now owned 3 shares. For example, a 12000 share position pre-split, became a 36000 share position following the split.
When a company such as CSX 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 CSX split history from start to finish, an original position size of 1000 shares would have turned into 36000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CSX shares, starting with a $10,000 purchase of CSX, presented on a split-history-adjusted basis factoring in the complete CSX split history.
Growth of $10,000.00
With Dividends Reinvested
|
| Start date: |
03/07/2011 |
|
| End date: |
03/05/2021 |
|
| Start price/share: |
$24.74 |
|
| End price/share: |
$91.63 |
|
| Starting shares: |
404.20 |
|
| Ending shares: |
489.73 |
|
| Dividends reinvested/share: |
$7.48 |
|
| Total return: |
348.74% |
|
| Average Annual Total Return: |
16.19% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$44,860.70 |
|
| Years: |
10.00 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
03/07/2011 |
|
| End date: |
03/05/2021 |
|
| Start price/share: |
$24.74 |
|
| End price/share: |
$91.63 |
|
| Dividends collected/share: |
$7.48 |
|
| Total return: |
300.61% |
|
| Average Annual Total Return: |
14.88% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$40,050.63 |
|
| Years: |
10.00 |
|
|
|
| Date |
Ratio |
| 10/26/1983 | 3 for 1
| | 12/22/1995 | 2 for 1
| | 08/16/2006 | 2 for 1 | | 06/16/2011 | 3 for 1 |
|
|
