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Video: What is a Stock Split?
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H&R Block provides assisted, do-it-yourself tax return preparation solutions through multiple channels and distributes H&R Block-branded services and products, including those of its bank partners, to the general public in the U.S., Canada and Australia. Co. also provides a number of additional services, including Refund Transfers, Co.'s Peace of Mind® Extended Service Plan (POM), H&R Block Emerald Prepaid Mastercard®, Emerald Advances, Tax Identity Shield®, Refund Advances, and small business financial solutions. For its Canadian clients, Co. also provides POM, H&R Block's Instant Refundsm, H&R Block Pay With Refund®, and small business financial solutions. According to our HRB split history records, H and R Block has had 4 splits. | |
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H and R Block (HRB) has 4 splits in our HRB split history database. The first split for HRB took place on October 02, 1987. This was a 2 for 1
split, meaning for each share of HRB 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. HRB's second split took place on October 02, 1991. This was a 2 for 1
split, meaning for each share of HRB 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. HRB's third split took place on August 02, 2001. This was a 2 for 1 split, meaning for each share of HRB owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split. HRB's 4th split took place on August 23, 2005. This was a 2 for 1 split, meaning for each share of HRB owned pre-split, the shareholder now owned 2 shares. For example, a 8000 share position pre-split, became a 16000 share position following the split.
When a company such as H and R Block 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 HRB split history from start to finish, an original position size of 1000 shares would have turned into 16000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into H and R Block shares, starting with a $10,000 purchase of HRB, presented on a split-history-adjusted basis factoring in the complete HRB split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/25/2014 |
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End date: |
04/23/2024 |
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Start price/share: |
$27.63 |
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End price/share: |
$47.65 |
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Starting shares: |
361.93 |
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Ending shares: |
526.76 |
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Dividends reinvested/share: |
$9.99 |
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Total return: |
151.00% |
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Average Annual Total Return: |
9.64% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$25,107.29 |
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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: |
04/25/2014 |
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End date: |
04/23/2024 |
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Start price/share: |
$27.63 |
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End price/share: |
$47.65 |
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Dividends collected/share: |
$9.99 |
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Total return: |
108.61% |
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Average Annual Total Return: |
7.63% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$20,865.12 |
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Years: |
10.00 |
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Date |
Ratio |
10/02/1987 | 2 for 1
| 10/02/1991 | 2 for 1
| 08/02/2001 | 2 for 1 | 08/23/2005 | 2 for 1 |
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