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Video: What is a Stock Split?
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Oneok is a midstream service provider and owns natural gas liquids systems, connecting natural gas liquid (NGL) supply in the Rocky Mountain, Permian and Mid-Continent regions with key market centers and owns a network of natural gas gathering, processing, storage and transportation assets. Co. operates in the following business segments: Natural Gas Gathering and Processing, which provides midstream services to producers; NGLs, which owns and operates facilities that gather, fractionate, treat and distribute NGLs and store NGL products; and Natural Gas Pipelines, which provides intrastate and interstate natural gas transportation and storage services to end users. According to our OKE split history records, ONEOK has had 4 splits. | |
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ONEOK (OKE) has 4 splits in our OKE split history database. The first split for OKE took place on March 01, 1990. This was a 2 for 1
split, meaning for each share of OKE 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. OKE's second split took place on June 12, 2001. This was a 2 for 1 split, meaning for each share of OKE 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. OKE's third split took place on June 04, 2012. This was a 2 for 1 split, meaning for each share of OKE owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split. OKE's 4th split took place on February 03, 2014. This was a 11422 for 10000 split, meaning for each 10000 shares of OKE owned pre-split, the shareholder now owned 11422 shares. For example, a 8000 share position pre-split, became a 9137.6 share position following the split.
When a company such as ONEOK 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 OKE split history from start to finish, an original position size of 1000 shares would have turned into 9137.6 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ONEOK shares, starting with a $10,000 purchase of OKE, presented on a split-history-adjusted basis factoring in the complete OKE split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
11/04/2014 |
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End date: |
11/01/2024 |
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Start price/share: |
$56.50 |
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End price/share: |
$93.36 |
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Starting shares: |
176.99 |
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Ending shares: |
334.24 |
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Dividends reinvested/share: |
$33.38 |
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Total return: |
212.05% |
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Average Annual Total Return: |
12.06% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$31,215.53 |
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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: |
11/04/2014 |
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End date: |
11/01/2024 |
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Start price/share: |
$56.50 |
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End price/share: |
$93.36 |
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Dividends collected/share: |
$33.38 |
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Total return: |
124.33% |
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Average Annual Total Return: |
8.42% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$22,438.71 |
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Years: |
10.00 |
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Date |
Ratio |
03/01/1990 | 2 for 1
| 06/12/2001 | 2 for 1 | 06/04/2012 | 2 for 1 | 02/03/2014 | 11422 for 10000 |
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