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Video: What is a Stock Split?
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L3Harris Technologies, together with its subsidiaries, provides technology-based solutions. Co. has three segments: Communication Systems, which serves markets in tactical communications and defense products and in public safety networks; Electronic Systems, which provides electronic warfare, avionics, and command, control, communications, computers, intelligence, surveillance and reconnaissance solutions; and Space and Intelligence Systems, which provides intelligence, space protection, geospatial, Earth observation, universe exploration, positioning, navigation and timing, and environmental solutions for national security, defense, civil and commercial customers. According to our HRS split history records, HRS has had 3 splits. | |
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HRS (HRS) has 3 splits in our HRS split history database. The first split for HRS took place on September 29, 1997. This was a 2 for 1
split, meaning for each share of HRS 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. HRS's second split took place on March 31, 2005. This was a 2 for 1 split, meaning for each share of HRS 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. HRS's third split took place on May 11, 2009. This was a 10000 for 9448 split, meaning for each 9448 shares of HRS owned pre-split, the shareholder now owned 10000 shares. For example, a 4000 share position pre-split, became a 4233.70025402202 share position following the split.
When a company such as HRS 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 HRS split history from start to finish, an original position size of 1000 shares would have turned into 4233.70025402202 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into HRS shares, starting with a $10,000 purchase of HRS, presented on a split-history-adjusted basis factoring in the complete HRS split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
11/11/2014 |
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End date: |
06/28/2019 |
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Start price/share: |
$71.33 |
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End price/share: |
$189.13 |
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Starting shares: |
140.19 |
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Ending shares: |
154.54 |
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Dividends reinvested/share: |
$10.55 |
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Total return: |
192.28% |
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Average Annual Total Return: |
26.08% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$29,223.35 |
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Years: |
4.63 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
11/11/2014 |
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End date: |
06/28/2019 |
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Start price/share: |
$71.33 |
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End price/share: |
$189.13 |
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Dividends collected/share: |
$10.55 |
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Total return: |
179.94% |
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Average Annual Total Return: |
24.91% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$27,989.40 |
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Years: |
4.63 |
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Date |
Ratio |
09/29/1997 | 2 for 1
| 03/31/2005 | 2 for 1 | 05/11/2009 | 10000 for 9448 |
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