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 Video: What is a Stock Split?
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| Nordic American Tankers is an international tanker company that has Suezmax tankers. The active fleet that Co. operated have the same freight capacity and ability to transport the same type of cargo. The vessels are primarily employed in the spot market, together with one vessel on a longer term time charter agreement. Co.'s vessels include Nordic Freedom, Nordic Moon, Nordic Apollo, Nordic Cosmos, Nordic Grace, Nordic Mistral, Nordic Passat, Nordic Vega, Nordic Breeze, Nordic Zenith, Nordic Sprinter, Nordic Skier, Nordic Light, Nordic Cross, Nordic Luna, Nordic Castor, Nordic Pollux, Nordic Star, Nordic Space, Nordic Aquarius, Nordic Cygnus, Nordic Tellus and Newbuilding. According to our NAT split history records, Nordic American Tankers has had 2 splits. | |
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Nordic American Tankers (NAT) has 2 splits in our NAT split history database. The first split for NAT took place on July 23, 2014. This was a 1014 for 1000 split, meaning for each 1000 shares of NAT owned pre-split, the shareholder now owned 1014 shares. For example, a 1000 share position pre-split, became a 1014 share position following the split. NAT's second split took place on August 10, 2017. This was a 1008 for 1000 split, meaning for each 1000 shares of NAT owned pre-split, the shareholder now owned 1008 shares. For example, a 1014 share position pre-split, became a 1022.112 share position following the split.
When a company such as Nordic American Tankers 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 NAT split history from start to finish, an original position size of 1000 shares would have turned into 1022.112 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Nordic American Tankers shares, starting with a $10,000 purchase of NAT, presented on a split-history-adjusted basis factoring in the complete NAT split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/07/2014 |
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| End date: |
10/04/2024 |
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| Start price/share: |
$7.81 |
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| End price/share: |
$3.79 |
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| Starting shares: |
1,280.41 |
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| Ending shares: |
2,694.09 |
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| Dividends reinvested/share: |
$4.97 |
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| Total return: |
2.11% |
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| Average Annual Total Return: |
0.21% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$10,212.00 |
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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: |
10/07/2014 |
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| End date: |
10/04/2024 |
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| Start price/share: |
$7.81 |
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| End price/share: |
$3.79 |
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| Dividends collected/share: |
$4.97 |
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| Total return: |
12.21% |
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| Average Annual Total Return: |
1.16% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,222.46 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 07/23/2014 | 1014 for 1000 | | 08/10/2017 | 1008 for 1000 |
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