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 Video: What is a Stock Split?
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| GATX is a railcar lessor, owning fleets in North America, Europe, and Asia. In addition, Co. operates a fleet of US-flagged vessels on the Great Lakes and owns and manages marine assets and other assets. Co. also invests in joint ventures that complement its existing business activities. Co. has four primary business segments: Rail North America, Rail International, American Steamship Company, and Portfolio Management. As of Dec 31 2015, Co. had a wholly owned fleet of 148,425 railcars. As of the same date, Co. also had an ownership interest in 2,375 railcars through investments in affiliated companies, and Co. managed 597 railcars for other third-party owners. According to our GMT split history records, GMT has had 2 splits. | |
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GMT (GMT) has 2 splits in our GMT split history database. The first split for GMT took place on June 04, 1990. This was a 2 for 1
split, meaning for each share of GMT 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. GMT's second split took place on June 02, 1998. This was a 2 for 1
split, meaning for each share of GMT owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as GMT 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 GMT split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into GMT shares, starting with a $10,000 purchase of GMT, presented on a split-history-adjusted basis factoring in the complete GMT split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/11/2014 |
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| End date: |
06/30/2016 |
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| Start price/share: |
$53.55 |
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| End price/share: |
$43.97 |
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| Starting shares: |
186.74 |
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| Ending shares: |
197.19 |
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| Dividends reinvested/share: |
$2.65 |
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| Total return: |
-13.29% |
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| Average Annual Total Return: |
-8.79% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$8,670.39 |
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| Years: |
1.55 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/11/2014 |
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| End date: |
06/30/2016 |
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| Start price/share: |
$53.55 |
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| End price/share: |
$43.97 |
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| Dividends collected/share: |
$2.65 |
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| Total return: |
-12.94% |
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| Average Annual Total Return: |
-8.55% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$8,705.79 |
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| Years: |
1.55 |
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| Date |
Ratio |
| 06/04/1990 | 2 for 1
| | 06/02/1998 | 2 for 1
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