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 Video: What is a Stock Split?
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| CVS Health Corporation is a health solutions company. Co. operates in four segments: Health Care Benefits, Health Services, Pharmacy & Consumer Wellness, and Corporate/Other. Its Health Care Benefits segment offer a range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental and behavioral health plans, medical management capabilities, Medicare Advantage and Medicare supplement plans, and Medicaid health care management services. According to our CVS split history records, CVS Health has had 3 splits. | |
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CVS Health (CVS) has 3 splits in our CVS split history database. The first split for CVS took place on March 15, 1989. This was a 2 for 1
split, meaning for each share of CVS 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. CVS's second split took place on June 16, 1998. This was a 2 for 1
split, meaning for each share of CVS 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. CVS's third split took place on June 07, 2005. This was a 2 for 1 split, meaning for each share of CVS owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split.
When a company such as CVS Health 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 CVS split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CVS Health shares, starting with a $10,000 purchase of CVS, presented on a split-history-adjusted basis factoring in the complete CVS split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/05/2014 |
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| End date: |
12/03/2024 |
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| Start price/share: |
$90.70 |
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| End price/share: |
$59.19 |
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| Starting shares: |
110.25 |
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| Ending shares: |
144.51 |
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| Dividends reinvested/share: |
$20.38 |
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| Total return: |
-14.46% |
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| Average Annual Total Return: |
-1.55% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$8,553.40 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/05/2014 |
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| End date: |
12/03/2024 |
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| Start price/share: |
$90.70 |
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| End price/share: |
$59.19 |
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| Dividends collected/share: |
$20.38 |
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| Total return: |
-12.27% |
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| Average Annual Total Return: |
-1.30% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$8,773.16 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 03/15/1989 | 2 for 1
| | 06/16/1998 | 2 for 1
| | 06/07/2005 | 2 for 1 |
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