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Video: What is a Stock Split?
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Golden Ocean Group is a holding company. Through its subsidiaries, Co. is an international shipping company that owns and operates a fleet of dry bulk vessels, comprising of Newcastlemax, Capesize, Panamax and Ultramax vessels. Co.'s vessels transport a range of major and minor bulk commodities, including ores, coal, grains and fertilizers, along worldwide shipping routes. Co.'s vessels operate in the spot and time charter markets. According to our GOGL split history records, Golden Ocean Group has had 1 split. | |
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Golden Ocean Group (GOGL) has 1 split in our GOGL split history database. The split for GOGL took place on August 01, 2016. This was a 1 for 5 reverse split, meaning for each 5 shares of GOGL owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as Golden Ocean Group conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the GOGL split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Golden Ocean Group shares, starting with a $10,000 purchase of GOGL, presented on a split-history-adjusted basis factoring in the complete GOGL split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
03/31/2014 |
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End date: |
03/27/2024 |
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Start price/share: |
$67.75 |
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End price/share: |
$12.78 |
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Starting shares: |
147.60 |
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Ending shares: |
273.41 |
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Dividends reinvested/share: |
$7.82 |
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Total return: |
-65.06% |
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Average Annual Total Return: |
-9.98% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$3,495.55 |
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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: |
03/31/2014 |
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End date: |
03/27/2024 |
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Start price/share: |
$67.75 |
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End price/share: |
$12.78 |
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Dividends collected/share: |
$7.82 |
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Total return: |
-69.59% |
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Average Annual Total Return: |
-11.22% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$3,042.94 |
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Years: |
10.00 |
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Date |
Ratio |
08/01/2016 | 1 for 5 |
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