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 Video: What is a Stock Split?
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| New Jersey Resources is an energy services holding company. Through its subsidiaries, Co. operates within four reporting segments: Natural Gas Distribution, which consists of regulated natural gas services, off-system sales, capacity and storage management operations; Clean Energy Ventures, which consists of capital investments in clean energy projects; Energy Services, which consists of unregulated wholesale and retail energy operations, as well as energy management services; and Storage and Transportation, which consists of operations and investments in the natural gas storage and transportation market, such as natural gas storage and transportation facilities. According to our NJR split history records, New Jersey Resources has had 3 splits. | |
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New Jersey Resources (NJR) has 3 splits in our NJR split history database. The first split for NJR took place on March 04, 2002. This was a 3 for 2 split, meaning for each 2 shares of NJR 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. NJR's second split took place on March 04, 2008. This was a 3 for 2 split, meaning for each 2 shares of NJR owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. NJR's third split took place on March 04, 2015. This was a 2 for 1 split, meaning for each share of NJR owned pre-split, the shareholder now owned 2 shares. For example, a 2250 share position pre-split, became a 4500 share position following the split.
When a company such as New Jersey Resources 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 NJR split history from start to finish, an original position size of 1000 shares would have turned into 4500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into New Jersey Resources shares, starting with a $10,000 purchase of NJR, presented on a split-history-adjusted basis factoring in the complete NJR split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/02/2013 |
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| End date: |
11/29/2023 |
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| Start price/share: |
$22.31 |
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| End price/share: |
$41.88 |
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| Starting shares: |
448.23 |
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| Ending shares: |
615.70 |
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| Dividends reinvested/share: |
$11.79 |
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| Total return: |
157.86% |
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| Average Annual Total Return: |
9.94% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$25,789.60 |
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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: |
12/02/2013 |
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| End date: |
11/29/2023 |
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| Start price/share: |
$22.31 |
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| End price/share: |
$41.88 |
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| Dividends collected/share: |
$11.79 |
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| Total return: |
140.56% |
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| Average Annual Total Return: |
9.18% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$24,061.71 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 03/04/2002 | 3 for 2 | | 03/04/2008 | 3 for 2 | | 03/04/2015 | 2 for 1 |
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