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 Video: What is a Stock Split?
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| A savings and loan holding company the principal business of which is the operation of a savings bank business through its wholly owned federally chartered savings bank subsidiary World Savings Bank. According to our GDW split history records, GDW has had 4 splits. | |
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GDW (GDW) has 4 splits in our GDW split history database. The first split for GDW took place on December 11, 1985. This was a 3 for 2
split, meaning for each 2
shares of GDW 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. GDW's second split took place on September 11, 1989. This was a 2 for 1
split, meaning for each share of GDW 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. GDW's third split took place on December 13, 1999. This was a 3 for 1
split, meaning for each share of GDW owned pre-split, the shareholder now owned 3 shares. For example, a 3000 share position pre-split, became a 9000 share position following the split. GDW's 4th split took place on December 13, 2004. This was a 2 for 1 split, meaning for each share of GDW owned pre-split, the shareholder now owned 2 shares. For example, a 9000 share position pre-split, became a 18000 share position following the split.
When a company such as GDW 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 GDW split history from start to finish, an original position size of 1000 shares would have turned into 18000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into GDW shares, starting with a $10,000 purchase of GDW, presented on a split-history-adjusted basis factoring in the complete GDW split history.
GDW -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 12/11/1985 | 3 for 2
| | 09/11/1989 | 2 for 1
| | 12/13/1999 | 3 for 1
| | 12/13/2004 | 2 for 1 |
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