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 Video: What is a Stock Split?
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| Granite Construction is a holding company. Through its subsidiaries, Co. delivers infrastructure solutions for public and private clients primarily in the U.S. Within the public sector, Co. concentrates on infrastructure projects, including the construction of streets, roads, highways, mass transit facilities, airport infrastructure, bridges, dams, power-related facilities, utilities, tunnels and other infrastructure-related projects. Within the private sector, Co. performs site preparation, mining services, and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities, as well as provides construction management services. According to our GVA split history records, Granite Construction has had 3 splits. | |
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Granite Construction (GVA) has 3 splits in our GVA split history database. The first split for GVA took place on April 22, 1996. This was a 3 for 2
split, meaning for each 2
shares of GVA 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. GVA's second split took place on August 10, 1998. This was a 3 for 2
split, meaning for each 2
shares of GVA owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. GVA's third split took place on April 16, 2001. This was a 3 for 2 split, meaning for each 2 shares of GVA owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split.
When a company such as Granite Construction 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 GVA split history from start to finish, an original position size of 1000 shares would have turned into 3375 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Granite Construction shares, starting with a $10,000 purchase of GVA, presented on a split-history-adjusted basis factoring in the complete GVA split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
01/31/2013 |
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| End date: |
01/27/2023 |
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| Start price/share: |
$36.36 |
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| End price/share: |
$41.50 |
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| Starting shares: |
275.03 |
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| Ending shares: |
319.55 |
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| Dividends reinvested/share: |
$5.20 |
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| Total return: |
32.61% |
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| Average Annual Total Return: |
2.86% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$13,255.56 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
01/31/2013 |
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| End date: |
01/27/2023 |
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| Start price/share: |
$36.36 |
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| End price/share: |
$41.50 |
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| Dividends collected/share: |
$5.20 |
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| Total return: |
28.44% |
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| Average Annual Total Return: |
2.54% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$12,849.12 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 04/22/1996 | 3 for 2
| | 08/10/1998 | 3 for 2
| | 04/16/2001 | 3 for 2 |
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