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Video: What is a Stock Split?
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IAC Inc. is engaged in building companies. Co.'s segments include Dotdash Meredith, Angi Inc., Search, and Emerging & Other. Its Dotdash Meredith segment consists of its digital and print businesses. Through these digital businesses, it provides original and engaging digital content in a variety of formats, including articles, illustrations, videos, and images. Its print business publishes approximately 17 magazines, as well as more than 400 special interest publications. Its Angi Inc. segment includes three segments: Ads and Leads, Services, and International (Europe and Canada). According to our IAC split history records, IAC has had 4 splits. | |
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IAC (IAC) has 4 splits in our IAC split history database. The first split for IAC took place on August 09, 2005. This was a 18 for 20 reverse split, meaning for each 20 shares of IAC owned pre-split, the shareholder now owned 18 shares. For example, a 1000 share position pre-split, became a 900 share position following the split. IAC's second split took place on August 21, 2008. This was a 2292 for 2000 split, meaning for each 2000 shares of IAC owned pre-split, the shareholder now owned 2292 shares. For example, a 900 share position pre-split, became a 1031.4 share position following the split. IAC's third split took place on July 01, 2020. This was a 3054 for 1000 split, meaning for each 1000 shares of IAC owned pre-split, the shareholder now owned 3054 shares. For example, a 1031.4 share position pre-split, became a 3149.8956 share position following the split. IAC's 4th split took place on May 25, 2021. This was a 1503 for 1000 split, meaning for each 1000 shares of IAC owned pre-split, the shareholder now owned 1503 shares. For example, a 3149.8956 share position pre-split, became a 4734.2930868 share position following the split.
When a company such as IAC 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. When a company such as IAC conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the IAC split history from start to finish, an original position size of 1000 shares would have turned into 4734.2930868 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into IAC shares, starting with a $10,000 purchase of IAC, presented on a split-history-adjusted basis factoring in the complete IAC 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: |
$13.70 |
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End price/share: |
$48.41 |
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Starting shares: |
729.93 |
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Ending shares: |
744.58 |
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Dividends reinvested/share: |
$0.30 |
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Total return: |
260.45% |
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Average Annual Total Return: |
13.68% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$36,057.30 |
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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: |
$13.70 |
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End price/share: |
$48.41 |
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Dividends collected/share: |
$0.30 |
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Total return: |
255.52% |
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Average Annual Total Return: |
13.52% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$35,552.87 |
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Years: |
10.00 |
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Date |
Ratio |
08/09/2005 | 18 for 20 | 08/21/2008 | 2292 for 2000 | 07/01/2020 | 3054 for 1000 | 05/25/2021 | 1503 for 1000 |
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