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 Video: What is a Stock Split?
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| Heartland Express, Inc. is a holding company. Co., together with its subsidiaries, is a short, medium and long-haul truckload carrier and transportation services provider. It primarily provides a nationwide asset-based dry van truckload service for various shippers across the U.S., along with cross-border freight and other transportation services offered through third party partnerships in Mexico. Co.'s primary customers include retailers, manufacturers and parcel carriers. Its over-the-road tractors are equipped with mobile communication systems. It operates 31 terminal facilities throughout the contiguous U.S. and one in Mexico. According to our HTLD split history records, Heartland Express has had 9 splits. | |
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Heartland Express (HTLD) has 9 splits in our HTLD split history database. The first split for HTLD took place on November 26, 1991. This was a 3 for 2
split, meaning for each 2
shares of HTLD 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. HTLD's second split took place on December 22, 1992. This was a 4 for 3
split, meaning for each 3
shares of HTLD owned pre-split, the shareholder now owned 4 shares. For example, a 1500 share position pre-split, became a 2000 share position following the split. HTLD's third split took place on December 14, 1993. This was a 5 for 4
split, meaning for each 4
shares of HTLD owned pre-split, the shareholder now owned 5 shares. For example, a 2000 share position pre-split, became a 2500 share position following the split. HTLD's 4th split took place on October 07, 1996. This was a 3 for 2
split, meaning for each 2
shares of HTLD owned pre-split, the shareholder now owned 3 shares. For example, a 2500 share position pre-split, became a 3750 share position following the split. HTLD's 5th split took place on June 01, 2001. This was a 5 for 4 split, meaning for each 4 shares of HTLD owned pre-split, the shareholder now owned 5 shares. For example, a 3750 share position pre-split, became a 4687.5 share position following the split. HTLD's 6th split took place on February 20, 2002. This was a 15769 for 10000 split, meaning for each 10000 shares of HTLD owned pre-split, the shareholder now owned 15769 shares. For example, a 4687.5 share position pre-split, became a 7391.71875 share position following the split. HTLD's 7th split took place on August 23, 2004. This was a 3 for 2 split, meaning for each 2 shares of HTLD owned pre-split, the shareholder now owned 3 shares. For example, a 7391.71875 share position pre-split, became a 11087.578125 share position following the split. HTLD's 8th split took place on May 16, 2006. This was a 4 for 3 split, meaning for each 3 shares of HTLD owned pre-split, the shareholder now owned 4 shares. For example, a 11087.578125 share position pre-split, became a 14783.4375 share position following the split. HTLD's 9th split took place on December 04, 1995. This was a 200000 for 130166 split, meaning for each 130166 shares of HTLD owned pre-split, the shareholder now owned 200000 shares. For example, a 14783.4375 share position pre-split, became a 22714.7450179002 share position following the split.
When a company such as Heartland Express 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 HTLD split history from start to finish, an original position size of 1000 shares would have turned into 22714.7450179002 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Heartland Express shares, starting with a $10,000 purchase of HTLD, presented on a split-history-adjusted basis factoring in the complete HTLD split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/11/2014 |
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| End date: |
12/09/2024 |
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| Start price/share: |
$25.58 |
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| End price/share: |
$11.98 |
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| Starting shares: |
390.93 |
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| Ending shares: |
420.87 |
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| Dividends reinvested/share: |
$1.28 |
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| Total return: |
-49.58% |
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| Average Annual Total Return: |
-6.62% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$5,040.31 |
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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: |
12/11/2014 |
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| End date: |
12/09/2024 |
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| Start price/share: |
$25.58 |
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| End price/share: |
$11.98 |
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| Dividends collected/share: |
$1.28 |
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| Total return: |
-48.16% |
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| Average Annual Total Return: |
-6.36% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$5,182.46 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 11/26/1991 | 3 for 2
| | 12/22/1992 | 4 for 3
| | 12/14/1993 | 5 for 4
| | 10/07/1996 | 3 for 2
| | 06/01/2001 | 5 for 4 | | 02/20/2002 | 15769 for 10000 | | 08/23/2004 | 3 for 2 | | 05/16/2006 | 4 for 3 | | 12/04/1995 | 200000 for 130166 |
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