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 Video: What is a Stock Split?
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| Noble is an offshore drilling contractor for the oil and gas industry. Co. owns and operates fleets in the offshore drilling industry. Co. performs, through its subsidiaries, contract drilling services focused mainly on ultra-deepwater and high-specification jackup drilling opportunities worldwide. According to our NE split history records, Noble has had 2 splits. | |
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Noble (NE) has 2 splits in our NE split history database. The first split for NE took place on August 29, 2007. This was a 2 for 1 split, meaning for each share of NE owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. NE's second split took place on August 04, 2014. This was a 1144 for 1000 split, meaning for each 1000 shares of NE owned pre-split, the shareholder now owned 1144 shares. For example, a 2000 share position pre-split, became a 2288 share position following the split.
When a company such as Noble 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 NE split history from start to finish, an original position size of 1000 shares would have turned into 2288 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Noble shares, starting with a $10,000 purchase of NE, presented on a split-history-adjusted basis factoring in the complete NE split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
06/09/2021 |
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| End date: |
10/04/2024 |
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| Start price/share: |
$24.75 |
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| End price/share: |
$37.49 |
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| Starting shares: |
404.04 |
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| Ending shares: |
423.35 |
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| Dividends reinvested/share: |
$2.00 |
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| Total return: |
58.71% |
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| Average Annual Total Return: |
14.91% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,870.35 |
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| Years: |
3.32 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
06/09/2021 |
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| End date: |
10/04/2024 |
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| Start price/share: |
$24.75 |
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| End price/share: |
$37.49 |
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| Dividends collected/share: |
$2.00 |
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| Total return: |
59.56% |
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| Average Annual Total Return: |
15.10% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,957.72 |
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| Years: |
3.32 |
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| Date |
Ratio |
| 08/29/2007 | 2 for 1 | | 08/04/2014 | 1144 for 1000 |
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