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 Video: What is a Stock Split?
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| Royal Bank of Canada is a global financial institution. Co.'s segments are: Personal and Commercial Banking, which provides financial products and services to individuals and businesses for their day-to-day banking, investing and financing needs; Wealth Management, which serves high net worth and ultra-high net worth individual and institutional clients with advice-based solutions; Insurance, which includes RBC Insurance®, a Canadian bank-owned insurance organization; Investor and Treasury Services, which provides asset, payment and treasury services to financial institutions and asset owners worldwide; and Capital Markets, which includes RBC Capital Markets®, a global investment bank. According to our RY split history records, Royal Bank of Canada (Montreal Quebec) has had 2 splits. | |
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Royal Bank of Canada (Montreal Quebec) (RY) has 2 splits in our RY split history database. The first split for RY took place on October 06, 2000. This was a 2 for 1 split, meaning for each share of RY 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. RY's second split took place on April 07, 2006. This was a 2 for 1 split, meaning for each share of RY 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.
When a company such as Royal Bank of Canada (Montreal Quebec) 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 RY split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Royal Bank of Canada (Montreal Quebec) shares, starting with a $10,000 purchase of RY, presented on a split-history-adjusted basis factoring in the complete RY split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
09/17/2014 |
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| End date: |
09/13/2024 |
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| Start price/share: |
$74.94 |
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| End price/share: |
$123.59 |
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| Starting shares: |
133.44 |
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| Ending shares: |
190.68 |
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| Dividends reinvested/share: |
$28.38 |
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| Total return: |
135.66% |
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| Average Annual Total Return: |
8.95% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$23,559.73 |
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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: |
09/17/2014 |
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| End date: |
09/13/2024 |
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| Start price/share: |
$74.94 |
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| End price/share: |
$123.59 |
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| Dividends collected/share: |
$28.38 |
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| Total return: |
102.79% |
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| Average Annual Total Return: |
7.33% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$20,282.76 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 10/06/2000 | 2 for 1 | | 04/07/2006 | 2 for 1 |
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