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 Video: What is a Stock Split?
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| KeyCorp is a bank holding company. Through its subsidiary, KeyBank National Association and other subsidiaries, Co. provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, student loan refinancing, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate, and institutional clients through two segments: Consumer Bank and Commercial Bank. In addition, Co.'s bank and its trust company subsidiary provide personal and institutional trust custody services, personal financial and planning services, access to mutual funds, treasury services, and international banking services. According to our KEY split history records, KeyCorp has had 3 splits. | |
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KeyCorp (KEY) has 3 splits in our KEY split history database. The first split for KEY took place on April 15, 1992. This was a 3 for 2
split, meaning for each 2
shares of KEY 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. KEY's second split took place on March 09, 1998. This was a 2 for 1
split, meaning for each share of KEY owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split. KEY's third split took place on March 02, 1994. This was a 1205 for 1000 split, meaning for each 1000 shares of KEY owned pre-split, the shareholder now owned 1205 shares. For example, a 3000 share position pre-split, became a 3615 share position following the split.
When a company such as KeyCorp 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 KEY split history from start to finish, an original position size of 1000 shares would have turned into 3615 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into KeyCorp shares, starting with a $10,000 purchase of KEY, presented on a split-history-adjusted basis factoring in the complete KEY split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/09/2014 |
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| End date: |
10/07/2024 |
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| Start price/share: |
$13.09 |
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| End price/share: |
$16.77 |
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| Starting shares: |
763.94 |
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| Ending shares: |
1,114.52 |
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| Dividends reinvested/share: |
$6.06 |
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| Total return: |
86.91% |
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| Average Annual Total Return: |
6.45% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$18,686.63 |
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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: |
10/09/2014 |
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| End date: |
10/07/2024 |
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| Start price/share: |
$13.09 |
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| End price/share: |
$16.77 |
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| Dividends collected/share: |
$6.06 |
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| Total return: |
74.37% |
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| Average Annual Total Return: |
5.72% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$17,443.66 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 04/15/1992 | 3 for 2
| | 03/09/1998 | 2 for 1
| | 03/02/1994 | 1205 for 1000 |
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