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 Video: What is a Stock Split?
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| PENN Entertainment, Inc. is a provider of integrated entertainment, sports content and casino gaming experiences. Co. operates over 43 properties in 20 states, online sports betting in 18 jurisdictions and iCasino in five jurisdictions, under a portfolio of brands, including Hollywood Casino, L'Auberge, ESPN BET, and theScore Bet Sportsbook and Casino. Its segments include Northeast, South, West, Midwest, and Interactive. The Northeast segment include Ameristar East Chicago, Hollywood Casino Columbus, Hollywood Casino at Greektown, and Hollywood Casino at PENN National Race Course. According to our PENN split history records, PENN Entertainment has had 5 splits. | |
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PENN Entertainment (PENN) has 5 splits in our PENN split history database. The first split for PENN took place on May 24, 1996. This was a 3 for 2
split, meaning for each 2
shares of PENN 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. PENN's second split took place on December 23, 1996. This was a 2 for 1
split, meaning for each share of PENN owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split. PENN's third split took place on June 26, 2002. This was a 2 for 1 split, meaning for each share of PENN owned pre-split, the shareholder now owned 2 shares. For example, a 3000 share position pre-split, became a 6000 share position following the split. PENN's 4th split took place on March 08, 2005. This was a 2 for 1 split, meaning for each share of PENN owned pre-split, the shareholder now owned 2 shares. For example, a 6000 share position pre-split, became a 12000 share position following the split. PENN's 5th split took place on November 04, 2013. This was a 4423 for 1000 split, meaning for each 1000 shares of PENN owned pre-split, the shareholder now owned 4423 shares. For example, a 12000 share position pre-split, became a 53076 share position following the split.
When a company such as PENN Entertainment 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 PENN split history from start to finish, an original position size of 1000 shares would have turned into 53076 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PENN Entertainment shares, starting with a $10,000 purchase of PENN, presented on a split-history-adjusted basis factoring in the complete PENN split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
01/27/2015 |
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| End date: |
01/23/2025 |
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| Start price/share: |
$15.31 |
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| End price/share: |
$19.89 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
29.92% |
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| Average Annual Total Return: |
2.65% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$12,988.48 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 05/24/1996 | 3 for 2
| | 12/23/1996 | 2 for 1
| | 06/26/2002 | 2 for 1 | | 03/08/2005 | 2 for 1 | | 11/04/2013 | 4423 for 1000 |
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