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 Video: What is a Stock Split?
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| Enbridge is an energy transportation and distribution company. Co. conducts its business through five business segments: Liquids Pipelines, which consists of pipelines and related terminals in that transport various grades of crude oil and other liquid hydrocarbons; Gas Transmission and Midstream, which consists of investments in natural gas pipelines and gathering and processing facilities; Gas Distribution and Storage, which consists of Co.'s natural gas utility operations; Renewable Power Generation, which consists primarily of investments in wind and solar power generating assets; and Energy Services, which undertake physical commodity marketing activity and logistical services. According to our ENB split history records, Enbridge has had 3 splits. | |
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Enbridge (ENB) has 3 splits in our ENB split history database. The first split for ENB took place on May 31, 2005. This was a 2 for 1 split, meaning for each share of ENB 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. ENB's second split took place on June 01, 2011. This was a 2 for 1 split, meaning for each share of ENB 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. ENB's third split took place on May 06, 1991. This was a 1642 for 1000 split, meaning for each 1000 shares of ENB owned pre-split, the shareholder now owned 1642 shares. For example, a 4000 share position pre-split, became a 6568 share position following the split.
When a company such as Enbridge 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 ENB split history from start to finish, an original position size of 1000 shares would have turned into 6568 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Enbridge shares, starting with a $10,000 purchase of ENB, presented on a split-history-adjusted basis factoring in the complete ENB 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: |
04/19/2024 |
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| Start price/share: |
$47.08 |
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| End price/share: |
$34.86 |
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| Starting shares: |
212.40 |
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| Ending shares: |
349.44 |
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| Dividends reinvested/share: |
$19.05 |
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| Total return: |
21.82% |
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| Average Annual Total Return: |
1.99% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$12,178.00 |
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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: |
04/22/2014 |
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| End date: |
04/19/2024 |
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| Start price/share: |
$47.08 |
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| End price/share: |
$34.86 |
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| Dividends collected/share: |
$19.05 |
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| Total return: |
14.50% |
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| Average Annual Total Return: |
1.36% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,446.32 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 05/31/2005 | 2 for 1 | | 06/01/2011 | 2 for 1 | | 05/06/1991 | 1642 for 1000 |
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