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 Video: What is a Stock Split?
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| DFC Global is a non-bank provider of alternative financial services, mainly unsecured short term consumer loans, secured pawn loans, check cashing, gold buying, money transfers and reloadable prepaid debit cards, serving primarily unbanked and under-banked consumers. Co. has four segments: its retail store financial services offerings in Europe, Canada and the U.S., and its Internet lending business globally. At June 30 2013, Co.'s retail operations consisted of 1,507 retail storefront locations, of which 1,474 were Co.-owned. In addition to its retail stores, Co. provides Internet-based, unsecured short-term consumer loans in the U.K., Canada, Sweden, the Czech Republic, Spain and Poland. According to our DLLR split history records, DLLR has had 1 split. | |
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DLLR (DLLR) has 1 split in our DLLR split history database. The split for DLLR took place on February 07, 2011. This was a 3 for 2 split, meaning for each 2 shares of DLLR 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.
When a company such as DLLR 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 DLLR split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into DLLR shares, starting with a $10,000 purchase of DLLR, presented on a split-history-adjusted basis factoring in the complete DLLR split history.
DLLR -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 02/07/2011 | 3 for 2 |
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