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 Video: What is a Stock Split?
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| Hawaiian Electric Industries is a holding company with its subsidiaries principally engaged in electric utility, banking, and renewable/sustainable infrastructure investment businesses operating in the State of Hawaii. Co. and its operating utility subsidiaries, Hawaii Electric Light Company, Inc. and Maui Electric Company, Limited are regulated electric public utilities that provide essential electric service to Hawaii's population through the operation of five separate grids that serve communities on the islands of Oahu, Hawaii, Maui, Lanai, and Molokai. Co. also owns ASB Hawaii, Inc. and its subsidiary, American Savings Bank, F.S.B., a financial institution in the State of Hawaii. According to our HE split history records, Hawaiian Electric Industries has had 2 splits. | |
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Hawaiian Electric Industries (HE) has 2 splits in our HE split history database. The first split for HE took place on June 14, 2004. This was a 2 for 1 split, meaning for each share of HE 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. HE's second split took place on May 24, 1984. This was a 2 for 1 split, meaning for each share of HE 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 Hawaiian Electric Industries 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 HE 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 Hawaiian Electric Industries shares, starting with a $10,000 purchase of HE, presented on a split-history-adjusted basis factoring in the complete HE split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/02/2013 |
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| End date: |
03/28/2023 |
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| Start price/share: |
$27.41 |
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| End price/share: |
$37.83 |
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| Starting shares: |
364.83 |
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| Ending shares: |
532.31 |
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| Dividends reinvested/share: |
$12.85 |
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| Total return: |
101.37% |
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| Average Annual Total Return: |
7.26% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$20,143.17 |
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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: |
04/02/2013 |
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| End date: |
03/28/2023 |
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| Start price/share: |
$27.41 |
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| End price/share: |
$37.83 |
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| Dividends collected/share: |
$12.85 |
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| Total return: |
84.90% |
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| Average Annual Total Return: |
6.34% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$18,481.92 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 06/14/2004 | 2 for 1 | | 05/24/1984 | 2 for 1 |
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