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 Video: What is a Stock Split?
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| Healthcare Services Group provides management, administrative and operating capabilities and services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of healthcare facilities. Co.'s segments are: housekeeping, laundry, linen and other services, which is responsible for the cleaning, disinfecting and sanitizing of resident rooms and other areas of the customers' facilities, as well as the laundering and processing of the bed linens, uniforms, resident personal clothing and other assorted linen items; and dietary department services, which is responsible for food purchasing, meal preparation and other dietitian services, such as development of menus. According to our HCSG split history records, Healthcare Services Group has had 6 splits. | |
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Healthcare Services Group (HCSG) has 6 splits in our HCSG split history database. The first split for HCSG took place on November 18, 1991. This was a 3 for 2
split, meaning for each 2
shares of HCSG 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. HCSG's second split took place on August 28, 1998. This was a 3 for 2
split, meaning for each 2
shares of HCSG 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. HCSG's third split took place on March 02, 2004. This was a 3 for 2 split, meaning for each 2 shares of HCSG 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. HCSG's 4th split took place on May 03, 2005. This was a 3 for 2 split, meaning for each 2 shares of HCSG owned pre-split, the shareholder now owned 3 shares. For example, a 3375 share position pre-split, became a 5062.5 share position following the split. HCSG's 5th split took place on August 13, 2007. This was a 3 for 2 split, meaning for each 2 shares of HCSG owned pre-split, the shareholder now owned 3 shares. For example, a 5062.5 share position pre-split, became a 7593.75 share position following the split. HCSG's 6th split took place on November 15, 2010. This was a 3 for 2 split, meaning for each 2 shares of HCSG owned pre-split, the shareholder now owned 3 shares. For example, a 7593.75 share position pre-split, became a 11390.625 share position following the split.
When a company such as Healthcare Services Group 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 HCSG split history from start to finish, an original position size of 1000 shares would have turned into 11390.625 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Healthcare Services Group shares, starting with a $10,000 purchase of HCSG, presented on a split-history-adjusted basis factoring in the complete HCSG split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/10/2014 |
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| End date: |
10/08/2024 |
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| Start price/share: |
$27.10 |
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| End price/share: |
$10.03 |
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| Starting shares: |
369.00 |
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| Ending shares: |
465.64 |
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| Dividends reinvested/share: |
$6.44 |
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| Total return: |
-53.30% |
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| Average Annual Total Return: |
-7.33% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$4,669.83 |
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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: |
10/10/2014 |
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| End date: |
10/08/2024 |
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| Start price/share: |
$27.10 |
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| End price/share: |
$10.03 |
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| Dividends collected/share: |
$6.44 |
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| Total return: |
-39.23% |
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| Average Annual Total Return: |
-4.86% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$6,075.36 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 11/18/1991 | 3 for 2
| | 08/28/1998 | 3 for 2
| | 03/02/2004 | 3 for 2 | | 05/03/2005 | 3 for 2 | | 08/13/2007 | 3 for 2 | | 11/15/2010 | 3 for 2 |
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