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 Video: What is a Stock Split?
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| ITC Holdings is a holding company. Co. is engaged in the transmission of electricity. Through International Transmission Company, Michigan Electric Transmission Company, LLC, ITC Midwest LLC and ITC Great Plains, LLC (together, Regulated Operating Subsidiaries), Co. operates high-voltage systems in Michigan's Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma that transmit electricity from generating stations to local distribution facilities connected to its systems. The operations performed by Co.'s Regulated Operating Subsidiaries include: asset planning; engineering, design and construction; maintenance; and real time operations. According to our ITC split history records, ITC has had 1 split. | |
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ITC (ITC) has 1 split in our ITC split history database. The split for ITC took place on March 03, 2014. This was a 3 for 1 split, meaning for each share of ITC 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 ITC 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 ITC 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 ITC shares, starting with a $10,000 purchase of ITC, presented on a split-history-adjusted basis factoring in the complete ITC split history.
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| Date |
Ratio |
| 03/03/2014 | 3 for 1 |
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