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 Video: What is a Stock Split?
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| NewMarket is a holding company and is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services), and NewMarket Development Corporation (NewMarket Development). Afton manufactures and sells petroleum additives, while Ethyl markets antiknock compounds in North America and performs contracted manufacturing and related services. NewMarket Development manages the real property that Co. owns in Virginia. NewMarket Services provides various administrative services to NewMarket, Afton, Ethyl, and NewMarket Development. Co.'s business is composed of petroleum additives, which is primarily represented by Afton. According to our NEU split history records, NewMarket has had 1 split. | |
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NewMarket (NEU) has 1 split in our NEU split history database. The split for NEU took place on August 17, 2001. This was a 3 for 2 split, meaning for each 2 shares of NEU 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.
When a company such as NewMarket 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 NEU split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NewMarket shares, starting with a $10,000 purchase of NEU, presented on a split-history-adjusted basis factoring in the complete NEU split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/10/2013 |
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| End date: |
12/06/2023 |
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| Start price/share: |
$327.20 |
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| End price/share: |
$536.04 |
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| Starting shares: |
30.56 |
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| Ending shares: |
36.70 |
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| Dividends reinvested/share: |
$69.90 |
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| Total return: |
96.71% |
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| Average Annual Total Return: |
7.00% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$19,664.22 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/10/2013 |
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| End date: |
12/06/2023 |
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| Start price/share: |
$327.20 |
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| End price/share: |
$536.04 |
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| Dividends collected/share: |
$69.90 |
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| Total return: |
85.19% |
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| Average Annual Total Return: |
6.36% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$18,519.81 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 08/17/2001 | 3 for 2 |
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