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Video: What is a Stock Split?
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Hickory Tech is engaged as a communications provider. Co.'s operations are conducted in three business segments: Fiber and Data, Equipment, and Telecom. In the Fiber and Data segment, Co.'s product portfolio includes: fiber; data and internet; voice and voice over internet protocol; managed and hosted services; and data center services. In the Equipment segment, Co. provides network, equipment and consulting solutions to business customers. The Telecom segment provides local voice service, long distance, calling features, digital subscriber line, Internet, digital TV, data services and a phone book directory to residents and businesses in its markets. According to our HTCO split history records, HTCO has had 1 split. | |
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HTCO (HTCO) has 1 split in our HTCO split history database. The split for HTCO took place on August 18, 1998. This was a 3 for 1
split, meaning for each share of HTCO owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split.
When a company such as HTCO 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 HTCO split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into HTCO shares, starting with a $10,000 purchase of HTCO, presented on a split-history-adjusted basis factoring in the complete HTCO split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
03/20/2014 |
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End date: |
05/07/2014 |
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Start price/share: |
$13.33 |
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End price/share: |
$12.38 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-7.13% |
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Annualized Gain: |
-54.19% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$9,287.00 |
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Years: |
0.13 |
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Date |
Ratio |
08/18/1998 | 3 for 1
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