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 Video: What is a Stock Split?
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| EarthLink Holdings together with its consolidated subsidiaries, is a managed network, security and cloud services provider to business and residential customers in the U.S. Co. provide a range of data, voice and managed network services to retail and wholesale business customers. Co. also provides nationwide Internet access and related value-added services to residential customers. Co. operates networks including more than 29,000 route miles of fiber and 90 metro fiber rings that provide data and voice IP service coverage across the U.S. Co. has two reportable segments, Business Services, consists of Enterprise/Mid-Market, Small Business and Carrier/Transport; and Consumer Services. According to our ELNK split history records, ELNK has had 2 splits. | |
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ELNK (ELNK) has 2 splits in our ELNK split history database. The first split for ELNK took place on July 21, 1998. This was a 2 for 1
split, meaning for each share of ELNK 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. ELNK's second split took place on February 07, 2000. This was a 1615 for 1000
split, meaning for each 1000
shares of ELNK owned pre-split, the shareholder now owned 1615 shares. For example, a 2000 share position pre-split, became a 3230 share position following the split.
When a company such as ELNK 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 ELNK split history from start to finish, an original position size of 1000 shares would have turned into 3230 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ELNK shares, starting with a $10,000 purchase of ELNK, presented on a split-history-adjusted basis factoring in the complete ELNK split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
02/27/2017 |
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| Start price/share: |
$3.74 |
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| End price/share: |
$5.63 |
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| Starting shares: |
2,673.80 |
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| Ending shares: |
2,959.68 |
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| Dividends reinvested/share: |
$0.55 |
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| Total return: |
66.63% |
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| Average Annual Total Return: |
19.59% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$16,664.91 |
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| Years: |
2.85 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
02/27/2017 |
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| Start price/share: |
$3.74 |
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| End price/share: |
$5.63 |
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| Dividends collected/share: |
$0.55 |
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| Total return: |
65.24% |
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| Average Annual Total Return: |
19.23% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$16,522.09 |
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| Years: |
2.85 |
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| Date |
Ratio |
| 07/21/1998 | 2 for 1
| | 02/07/2000 | 1615 for 1000
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