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Video: What is a Stock Split?
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Fifth Third Bancorp is a bank holding company. Through its subsidiaries, Co. provides a range of financial products and services to the commercial, financial, retail, governmental, educational, energy and healthcare sectors. This includes a range of checking, savings and money market accounts, wealth management solutions, payments and commerce solutions, insurance services and credit products such as commercial loans and leases, mortgage loans, credit cards, installment loans and auto loans. These products and services are delivered through a variety of channels including Co.'s banking centers, other offices, telephone sales, the internet and mobile applications. According to our FITB split history records, Fifth Third Bancorp has had 5 splits. | |
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Fifth Third Bancorp (FITB) has 5 splits in our FITB split history database. The first split for FITB took place on April 16, 1992. This was a 3 for 2
split, meaning for each 2
shares of FITB 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. FITB's second split took place on January 16, 1996. This was a 3 for 2
split, meaning for each 2
shares of FITB owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. FITB's third split took place on July 16, 1997. This was a 3 for 2
split, meaning for each 2
shares of FITB owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split. FITB's 4th split took place on April 16, 1998. This was a 3 for 2
split, meaning for each 2
shares of FITB owned pre-split, the shareholder now owned 3 shares. For example, a 3375 share position pre-split, became a 5062.5 share position following the split. FITB's 5th split took place on July 17, 2000. This was a 3 for 2
split, meaning for each 2
shares of FITB owned pre-split, the shareholder now owned 3 shares. For example, a 5062.5 share position pre-split, became a 7593.75 share position following the split.
When a company such as Fifth Third Bancorp 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 FITB split history from start to finish, an original position size of 1000 shares would have turned into 7593.75 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Fifth Third Bancorp shares, starting with a $10,000 purchase of FITB, presented on a split-history-adjusted basis factoring in the complete FITB split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
11/07/2014 |
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End date: |
11/05/2024 |
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Start price/share: |
$20.11 |
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End price/share: |
$43.16 |
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Starting shares: |
497.27 |
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Ending shares: |
696.12 |
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Dividends reinvested/share: |
$9.37 |
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Total return: |
200.45% |
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Average Annual Total Return: |
11.63% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$30,056.62 |
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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: |
11/07/2014 |
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End date: |
11/05/2024 |
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Start price/share: |
$20.11 |
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End price/share: |
$43.16 |
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Dividends collected/share: |
$9.37 |
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Total return: |
161.21% |
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Average Annual Total Return: |
10.07% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$26,109.82 |
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Years: |
10.00 |
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Date |
Ratio |
04/16/1992 | 3 for 2
| 01/16/1996 | 3 for 2
| 07/16/1997 | 3 for 2
| 04/16/1998 | 3 for 2
| 07/17/2000 | 3 for 2
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