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 Video: What is a Stock Split?
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| AGL Resources is an energy services holding company. Co.'s operating segments includes: distribution operations engaged in the operation, construction and maintenance of natural gas pipeline and storage facilities to provide natural gas to customers; retail operations, which provides natural gas commodity and related services to customers; wholesale services, which involve natural gas storage, gas pipeline arbitrage and provides natural gas asset management and related logistics services; midstream operations consists primarily of natural gas storage facilities and select pipelines, enabling the provision of various sources of natural gas supplies to its customers. According to our GAS split history records, GAS has had 1 split. | |
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GAS (GAS) has 1 split in our GAS split history database. The split for GAS took place on April 27, 1993. This was a 2 for 1
split, meaning for each share of GAS 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.
When a company such as GAS 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 GAS split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into GAS shares, starting with a $10,000 purchase of GAS, presented on a split-history-adjusted basis factoring in the complete GAS split history.
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| Date |
Ratio |
| 04/27/1993 | 2 for 1
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