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 Video: What is a Stock Split?
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| Cablevision Systems is a holding company. Through its CSC Holdings, LLC subsidiary and their subsidiaries, Co. is engaged as a cable operator, serving video customers in and around the New York metropolitan area. Co. also provides data and Voice over Internet Protocol services using its broadband network. Through its Cablevision Lightpath, Inc. subsidiary (Lightpath), Co. provides Ethernet-based data, Internet, voice and video transport and managed services to the business market in the New York metropolitan area. In addition, through its Newsday LLC indirect subsidiary, Co. operates a newspaper publishing business. Co. operates through three reportable segments: Cable, Lightpath and Other. According to our CVC split history records, CVC has had 4 splits. | |
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CVC (CVC) has 4 splits in our CVC split history database. The first split for CVC took place on March 31, 1998. This was a 2 for 1
split, meaning for each share of CVC 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. CVC's second split took place on August 24, 1998. This was a 2 for 1
split, meaning for each share of CVC owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. CVC's third split took place on February 10, 2010. This was a 1211 for 1000 split, meaning for each 1000 shares of CVC owned pre-split, the shareholder now owned 1211 shares. For example, a 4000 share position pre-split, became a 4844 share position following the split. CVC's 4th split took place on July 01, 2011. This was a 10000 for 7254 split, meaning for each 7254 shares of CVC owned pre-split, the shareholder now owned 10000 shares. For example, a 4844 share position pre-split, became a 6677.69506479184 share position following the split.
When a company such as CVC 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 CVC split history from start to finish, an original position size of 1000 shares would have turned into 6677.69506479184 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CVC shares, starting with a $10,000 purchase of CVC, presented on a split-history-adjusted basis factoring in the complete CVC split history.
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| Date |
Ratio |
| 03/31/1998 | 2 for 1
| | 08/24/1998 | 2 for 1
| | 02/10/2010 | 1211 for 1000 | | 07/01/2011 | 10000 for 7254 |
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