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Video: What is a Stock Split?
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Madison Square Garden Sports is a holding company. Through its subsidiaries, Co. is engaged in the sports business. Co. owns and operates a portfolio of assets, including the New York Knickerbockers (Knicks) of the National Basketball Association (NBA) and the New York Rangers (Rangers) of the National Hockey League. Both the Knicks and the Rangers play their home games in Madison Square Garden Arena. Co.'s other franchises include two development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League. In addition, Co. owns Knicks Gaming, an esports franchise that competes in the NBA 2K League. According to our MSGS split history records, Madison Square Garden Sports has had 1 split. | |
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Madison Square Garden Sports (MSGS) has 1 split in our MSGS split history database. The split for MSGS took place on April 20, 2020. This was a 1402 for 1000 split, meaning for each 1000 shares of MSGS owned pre-split, the shareholder now owned 1402 shares. For example, a 1000 share position pre-split, became a 1402 share position following the split.
When a company such as Madison Square Garden Sports 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 MSGS split history from start to finish, an original position size of 1000 shares would have turned into 1402 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Madison Square Garden Sports shares, starting with a $10,000 purchase of MSGS, presented on a split-history-adjusted basis factoring in the complete MSGS split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/28/2014 |
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End date: |
04/24/2024 |
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Start price/share: |
$39.44 |
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End price/share: |
$186.15 |
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Starting shares: |
253.55 |
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Ending shares: |
265.53 |
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Dividends reinvested/share: |
$7.00 |
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Total return: |
394.29% |
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Average Annual Total Return: |
17.33% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$49,419.75 |
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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: |
04/28/2014 |
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End date: |
04/24/2024 |
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Start price/share: |
$39.44 |
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End price/share: |
$186.15 |
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Dividends collected/share: |
$7.00 |
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Total return: |
389.73% |
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Average Annual Total Return: |
17.22% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$48,958.50 |
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Years: |
10.00 |
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Date |
Ratio |
04/20/2020 | 1402 for 1000 |
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