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 Video: What is a Stock Split?
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| PHC is a national healthcare company which operates subsidiaries specializing in behavioral health services including the treatment of substance abuse, which includes alcohol and drug dependency and related disorders and the provision of psychiatric services. In addition, Co. operates help lines for employee assistance programs, call centers for state and local programs and provides management, administrative and online behavioral health services. Co. primarily operates under three business segments: behavioral health treatment services; call center and help line services; and behavioral health administrative services. According to our PHC split history records, PHC has had 3 splits. | |
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PHC (PHC) has 3 splits in our PHC split history database. The first split for PHC took place on May 21, 1996. This was a 3 for 2
split, meaning for each 2
shares of PHC 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. PHC's second split took place on January 21, 1998. This was a 3 for 2
split, meaning for each 2
shares of PHC 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. PHC's third split took place on December 02, 2003. This was a 3 for 2 split, meaning for each 2 shares of PHC owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split.
When a company such as PHC 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 PHC split history from start to finish, an original position size of 1000 shares would have turned into 3375 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PHC shares, starting with a $10,000 purchase of PHC, presented on a split-history-adjusted basis factoring in the complete PHC split history.
PHC -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 05/21/1996 | 3 for 2
| | 01/21/1998 | 3 for 2
| | 12/02/2003 | 3 for 2 |
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