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 Video: What is a Stock Split?
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| Rocket Companies is a holding company. Through its subsidiaries, Co. is a FinTech company consisting of tech-driven real estate, mortgage and financial service businesses. Co.'s business is organized into two segments, Direct to Consumer and Partner Network. Direct to Consumer consists of performance marketing and direct engagement through Co.'s Rocket Mortgage App, and Partner Network is its growing segment of partnerships with consumer-focused organizations, brokers and mortgage personnel who utilize its platform and scale to provide mortgage solutions to their clients. According to our RKT split history records, Rocket Companies Inc Class A has had 2 splits. | |
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Rocket Companies Inc Class A (RKT) has 2 splits in our RKT split history database. The first split for RKT took place on October 31, 1996. This was a 11 for 10
split, meaning for each 10
shares of RKT owned pre-split, the shareholder now owned 11 shares. For example, a 1000 share position pre-split, became a 1100 share position following the split. RKT's second split took place on August 28, 2014. This was a 2 for 1 split, meaning for each share of RKT owned pre-split, the shareholder now owned 2 shares. For example, a 1100 share position pre-split, became a 2200 share position following the split.
When a company such as Rocket Companies Inc Class A 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 RKT split history from start to finish, an original position size of 1000 shares would have turned into 2200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Rocket Companies Inc Class A shares, starting with a $10,000 purchase of RKT, presented on a split-history-adjusted basis factoring in the complete RKT split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
08/07/2020 |
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| End date: |
11/28/2023 |
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| Start price/share: |
$24.90 |
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| End price/share: |
$9.33 |
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| Starting shares: |
401.61 |
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| Ending shares: |
454.11 |
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| Dividends reinvested/share: |
$2.12 |
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| Total return: |
-57.63% |
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| Average Annual Total Return: |
-22.85% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$4,237.68 |
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| Years: |
3.31 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
08/07/2020 |
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| End date: |
11/28/2023 |
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| Start price/share: |
$24.90 |
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| End price/share: |
$9.33 |
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| Dividends collected/share: |
$2.12 |
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| Total return: |
-54.02% |
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| Average Annual Total Return: |
-20.92% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$4,598.78 |
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| Years: |
3.31 |
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| Date |
Ratio |
| 10/31/1996 | 11 for 10
| | 08/28/2014 | 2 for 1 |
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