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 Video: What is a Stock Split?
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| National Fuel Gas Co. is a holding company. Co. is a diversified energy company engaged principally in the production, gathering, transportation, storage and distribution of natural gas. Its segments include Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment is engaged in the exploration for, and the development and production of, primarily natural gas in the Appalachian region of the U.S.. The Pipeline and Storage segment provides interstate natural gas transportation services for affiliated and nonaffiliated companies through integrated natural gas pipeline systems in Pennsylvania and New York. According to our NFG split history records, National Fuel Gas has had 4 splits. | |
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National Fuel Gas (NFG) has 4 splits in our NFG split history database. The first split for NFG took place on May 21, 1984. This was a 2 for 1
split, meaning for each share of NFG 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. NFG's second split took place on May 25, 1984. This was a 11 for 10
split, meaning for each 10
shares of NFG owned pre-split, the shareholder now owned 11 shares. For example, a 2000 share position pre-split, became a 2200 share position following the split. NFG's third split took place on June 17, 1987. This was a 2 for 1
split, meaning for each share of NFG owned pre-split, the shareholder now owned 2 shares. For example, a 2200 share position pre-split, became a 4400 share position following the split. NFG's 4th split took place on September 10, 2001. This was a 2 for 1 split, meaning for each share of NFG owned pre-split, the shareholder now owned 2 shares. For example, a 4400 share position pre-split, became a 8800 share position following the split.
When a company such as National Fuel Gas 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 NFG split history from start to finish, an original position size of 1000 shares would have turned into 8800 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into National Fuel Gas shares, starting with a $10,000 purchase of NFG, presented on a split-history-adjusted basis factoring in the complete NFG split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/05/2014 |
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| End date: |
12/03/2024 |
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| Start price/share: |
$68.62 |
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| End price/share: |
$62.70 |
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| Starting shares: |
145.73 |
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| Ending shares: |
202.71 |
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| Dividends reinvested/share: |
$17.58 |
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| Total return: |
27.10% |
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| Average Annual Total Return: |
2.43% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$12,714.53 |
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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: |
12/05/2014 |
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| End date: |
12/03/2024 |
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| Start price/share: |
$68.62 |
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| End price/share: |
$62.70 |
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| Dividends collected/share: |
$17.58 |
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| Total return: |
16.99% |
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| Average Annual Total Return: |
1.58% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,697.71 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 05/21/1984 | 2 for 1
| | 05/25/1984 | 11 for 10
| | 06/17/1987 | 2 for 1
| | 09/10/2001 | 2 for 1 |
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