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Video: What is a Stock Split?
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Diversified electric utility holding company whose principal holdings are Florida Power Corporation, which provides electricity service to west central Florida, and Electric Fuels Corporation, an energy and transportation company. According to our FPC split history records, FPC has had 1 split. | |
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FPC (FPC) has 1 split in our FPC split history database. The split for FPC took place on July 30, 1992. This was a 3 for 2
split, meaning for each 2
shares of FPC 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 FPC 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 FPC 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 FPC shares, starting with a $10,000 purchase of FPC, presented on a split-history-adjusted basis factoring in the complete FPC split history.
FPC -- use the split history when considering split-adjusted past price performance. |
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Date |
Ratio |
07/30/1992 | 3 for 2
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