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 Video: What is a Stock Split?
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| PROG Holdings is a financial technology holding company. Through its subsidiaries, Co. provides lease-purchase solutions. Co. has two operating segments: Progressive Leasing, which partners with conventional and e-commerce retailers, primarily in the furniture, appliances, electronics, jewelry, mobile phones and accessories, mattresses, and automobile electronics and accessories markets to provide a lease-purchase solution for customers who may not have access to credit-based financing options; and Vive Financial, which serves customers that may not qualify for prime lending provides who desire to purchase goods and services from participating merchants. According to our PRG split history records, PROG Holdings has had 1 split. | |
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PROG Holdings (PRG) has 1 split in our PRG split history database. The split for PRG took place on December 01, 2020. This was a 1179 for 1000 split, meaning for each 1000 shares of PRG owned pre-split, the shareholder now owned 1179 shares. For example, a 1000 share position pre-split, became a 1179 share position following the split.
When a company such as PROG Holdings 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 PRG split history from start to finish, an original position size of 1000 shares would have turned into 1179 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PROG Holdings shares, starting with a $10,000 purchase of PRG, presented on a split-history-adjusted basis factoring in the complete PRG split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
08/14/2012 |
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| End date: |
08/11/2022 |
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| Start price/share: |
$25.17 |
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| End price/share: |
$20.53 |
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| Starting shares: |
397.30 |
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| Ending shares: |
408.02 |
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| Dividends reinvested/share: |
$0.79 |
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| Total return: |
-16.23% |
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| Average Annual Total Return: |
-1.76% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$8,373.45 |
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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: |
08/14/2012 |
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| End date: |
08/11/2022 |
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| Start price/share: |
$25.17 |
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| End price/share: |
$20.53 |
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| Dividends collected/share: |
$0.79 |
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| Total return: |
-15.28% |
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| Average Annual Total Return: |
-1.65% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$8,467.66 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 12/01/2020 | 1179 for 1000 |
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