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 Video: What is a Stock Split?
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| Nokia is a vendor in the network and IP infrastructure, software, and the related services market. Co. provides a range of products, from the hardware components of networks used by communications service providers and by customers in other select verticals, to software solutions, as well as services to plan, optimize, implement, run and upgrade networks. Co. provides services related to the provision of networking equipment, ranging from managing a customer's network and product maintenance services to network installation, integration and optimization. Co. has three reportable segments : Networks, Nokia Software and Nokia Technologies. According to our NOK split history records, Nokia has had 5 splits. | |
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Nokia (NOK) has 5 splits in our NOK split history database. The first split for NOK took place on April 16, 1998. This was a 2 for 1
split, meaning for each share of NOK 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. NOK's second split took place on April 12, 1999. This was a 2 for 1
split, meaning for each share of NOK owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. NOK's third split took place on April 11, 2000. This was a 4 for 1
split, meaning for each share of NOK owned pre-split, the shareholder now owned 4 shares. For example, a 4000 share position pre-split, became a 16000 share position following the split. NOK's 4th split took place on April 25, 1995. This was a 2 for 1 split, meaning for each share of NOK owned pre-split, the shareholder now owned 2 shares. For example, a 16000 share position pre-split, became a 32000 share position following the split. NOK's 5th split took place on July 01, 1994.
When a company such as Nokia 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 NOK split history from start to finish, an original position size of 1000 shares would have turned into 32000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Nokia shares, starting with a $10,000 purchase of NOK, presented on a split-history-adjusted basis factoring in the complete NOK 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: |
$7.97 |
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| End price/share: |
$3.56 |
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| Starting shares: |
1,254.71 |
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| Ending shares: |
1,668.58 |
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| Dividends reinvested/share: |
$1.73 |
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| Total return: |
-40.60% |
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| Average Annual Total Return: |
-5.08% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$5,937.99 |
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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: |
$7.97 |
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| End price/share: |
$3.56 |
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| Dividends collected/share: |
$1.73 |
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| Total return: |
-33.66% |
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| Average Annual Total Return: |
-4.02% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$6,635.23 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 04/16/1998 | 2 for 1
| | 04/12/1999 | 2 for 1
| | 04/11/2000 | 4 for 1
| | 04/25/1995 | 2 for 1 | | 07/01/1994 | 1 for 1 |
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