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 Video: What is a Stock Split?
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| Connecticut Water Service is a non-operating holding company. Co. carries out its water operations within its regulated water companies, The Connecticut Water Company, The Heritage Village Water Company, The Avon Water Company and The Maine Water Company. Co.'s segments are: Water Operations, which includes its regulated water operations to supply public drinking water and provide wastewater services to its customers; Real Estate Transactions, which involves the sale or donation for income tax benefits of Co.'s real estate holdings; and Services and Rentals, which provides contracted services to water utilities and other clients and also leases certain of its properties to third parties. According to our CTWS split history records, CTWS has had 2 splits. | |
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CTWS (CTWS) has 2 splits in our CTWS split history database. The first split for CTWS took place on September 16, 1998. This was a 3 for 2
split, meaning for each 2
shares of CTWS owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. CTWS's second split took place on September 10, 2001. This was a 3 for 2 split, meaning for each 2 shares of CTWS owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split.
When a company such as CTWS 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 CTWS split history from start to finish, an original position size of 1000 shares would have turned into 2250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CTWS shares, starting with a $10,000 purchase of CTWS, presented on a split-history-adjusted basis factoring in the complete CTWS split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
01/27/2015 |
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| End date: |
10/09/2019 |
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| Start price/share: |
$37.26 |
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| End price/share: |
$69.98 |
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| Starting shares: |
268.38 |
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| Ending shares: |
298.73 |
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| Dividends reinvested/share: |
$5.55 |
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| Total return: |
109.05% |
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| Average Annual Total Return: |
16.99% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$20,902.86 |
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| Years: |
4.70 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
01/27/2015 |
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| End date: |
10/09/2019 |
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| Start price/share: |
$37.26 |
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| End price/share: |
$69.98 |
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| Dividends collected/share: |
$5.55 |
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| Total return: |
102.72% |
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| Average Annual Total Return: |
16.23% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$20,272.45 |
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| Years: |
4.70 |
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| Date |
Ratio |
| 09/16/1998 | 3 for 2
| | 09/10/2001 | 3 for 2 |
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