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 Video: What is a Stock Split?
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| FirstCash Holdings is an operator of pawn stores as well as is a provider of retail point-of-sale (POS) payment solutions focused on serving credit-constrained consumers. Co. operates two business lines: pawn operations, which include pawn merchandise sales that are retail sales to the general public from its pawn store locations, and pawn lending activities that make pawn loans to their customers; and retail POS payment solutions, which provide the retail POS payment options of its subsidiary, American First Finance, including an lease-to-own product, a merchant-based retail installment sales agreement or a bank-originated installment loan, to facilitate payments on such transactions. According to our FCFS split history records, FirstCash Holdings has had 2 splits. | |
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FirstCash Holdings (FCFS) has 2 splits in our FCFS split history database. The first split for FCFS took place on April 06, 2004. This was a 3 for 2 split, meaning for each 2 shares of FCFS 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. FCFS's second split took place on February 22, 2006. This was a 2 for 1 split, meaning for each share of FCFS owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split.
When a company such as FirstCash Holdings 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 FCFS split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into FirstCash Holdings shares, starting with a $10,000 purchase of FCFS, presented on a split-history-adjusted basis factoring in the complete FCFS 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: |
$48.18 |
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| End price/share: |
$130.41 |
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| Starting shares: |
207.56 |
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| Ending shares: |
232.51 |
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| Dividends reinvested/share: |
$8.48 |
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| Total return: |
203.21% |
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| Average Annual Total Return: |
11.73% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$30,317.82 |
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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: |
$48.18 |
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| End price/share: |
$130.41 |
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| Dividends collected/share: |
$8.48 |
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| Total return: |
188.28% |
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| Average Annual Total Return: |
11.17% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$28,832.09 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 04/06/2004 | 3 for 2 | | 02/22/2006 | 2 for 1 |
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