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 Video: What is a Stock Split?
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| Qwest is a communications company engaged in providing an array of communications services to its residential and business customers. Co.'s communications services include local voice, Internet, private line, network access, Ethernet, information technology, video, wireless and other services. Co. also provides local access and fiber transport services to competitive local exchange carriers. Co. categorizes its products and services in three categories: strategic services, legacy services and affiliates and other services. Co. provides its services in Arizona, Colorado, Idaho, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, Oregon, South Dakota, Utah, Washington and Wyoming. According to our CTY split history records, CTY has had 10 splits. | |
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CTY (CTY) has 10 splits in our CTY split history database. The first split for CTY took place on November 09, 1989. This was a 21 for 20
split, meaning for each 20
shares of CTY owned pre-split, the shareholder now owned 21 shares. For example, a 1000 share position pre-split, became a 1050 share position following the split. CTY's second split took place on January 21, 1992. This was a 21 for 20
split, meaning for each 20
shares of CTY owned pre-split, the shareholder now owned 21 shares. For example, a 1050 share position pre-split, became a 1102.5 share position following the split. CTY's third split took place on May 11, 1992. This was a 5 for 4
split, meaning for each 4
shares of CTY owned pre-split, the shareholder now owned 5 shares. For example, a 1102.5 share position pre-split, became a 1378.125 share position following the split. CTY's 4th split took place on November 08, 1994. This was a 6 for 5
split, meaning for each 5
shares of CTY owned pre-split, the shareholder now owned 6 shares. For example, a 1378.125 share position pre-split, became a 1653.75 share position following the split. CTY's 5th split took place on March 20, 1997. This was a 21 for 20
split, meaning for each 20
shares of CTY owned pre-split, the shareholder now owned 21 shares. For example, a 1653.75 share position pre-split, became a 1736.4375 share position following the split. CTY's 6th split took place on May 11, 1998. This was a 3 for 2
split, meaning for each 2
shares of CTY owned pre-split, the shareholder now owned 3 shares. For example, a 1736.4375 share position pre-split, became a 2604.65625 share position following the split. CTY's 7th split took place on March 29, 1999. This was a 105 for 100
split, meaning for each 100
shares of CTY owned pre-split, the shareholder now owned 105 shares. For example, a 2604.65625 share position pre-split, became a 2734.8890625 share position following the split. CTY's 8th split took place on March 29, 2000. This was a 105 for 100
split, meaning for each 100
shares of CTY owned pre-split, the shareholder now owned 105 shares. For example, a 2734.8890625 share position pre-split, became a 2871.633515625 share position following the split. CTY's 9th split took place on April 11, 2001. This was a 105 for 100 split, meaning for each 100 shares of CTY owned pre-split, the shareholder now owned 105 shares. For example, a 2871.633515625 share position pre-split, became a 3015.21519140625 share position following the split. CTY's 10th split took place on April 12, 2002. This was a 105 for 100 split, meaning for each 100 shares of CTY owned pre-split, the shareholder now owned 105 shares. For example, a 3015.21519140625 share position pre-split, became a 3165.97595097656 share position following the split.
When a company such as CTY 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 CTY split history from start to finish, an original position size of 1000 shares would have turned into 3165.97595097656 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CTY shares, starting with a $10,000 purchase of CTY, presented on a split-history-adjusted basis factoring in the complete CTY split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
05/01/2015 |
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| End date: |
12/11/2020 |
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| Start price/share: |
$25.16 |
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| End price/share: |
$25.05 |
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| Starting shares: |
397.46 |
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| Ending shares: |
550.02 |
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| Dividends reinvested/share: |
$7.66 |
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| Total return: |
37.78% |
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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: |
$13,778.55 |
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| Years: |
5.62 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
05/01/2015 |
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| End date: |
12/11/2020 |
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| Start price/share: |
$25.16 |
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| End price/share: |
$25.05 |
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| Dividends collected/share: |
$7.66 |
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| Total return: |
30.02% |
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| Average Annual Total Return: |
4.78% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$13,000.14 |
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| Years: |
5.62 |
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| Date |
Ratio |
| 11/09/1989 | 21 for 20
| | 01/21/1992 | 21 for 20
| | 05/11/1992 | 5 for 4
| | 11/08/1994 | 6 for 5
| | 03/20/1997 | 21 for 20
| | 05/11/1998 | 3 for 2
| | 03/29/1999 | 105 for 100
| | 03/29/2000 | 105 for 100
| | 04/11/2001 | 105 for 100 | | 04/12/2002 | 105 for 100 |
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