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 Video: What is a Stock Split?
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| Satyam Computer Services Limited and its subsidiaries are engaged in provision of information technology services, developing software products and business process outsourcing. Co.'s services include software development, packaged software integration, system maintenance and engineering design services. Co. has established a diversified base of corporate customers in insurance, banking and financial services, manufacturing, telecommunications, transportation and engineering services. Co. operates two business segments: IT Services and Business Process Outsourcing Services. According to our SAY split history records, Saratoga Investment Corp 8.125% Notes Due 2027 has had 1 split. | |
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Saratoga Investment Corp 8.125% Notes Due 2027 (SAY) has 1 split in our SAY split history database. The split for SAY took place on October 18, 2006. This was a 2 for 1 split, meaning for each share of SAY 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.
When a company such as Saratoga Investment Corp 8.125% Notes Due 2027 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 SAY split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Saratoga Investment Corp 8.125% Notes Due 2027 shares, starting with a $10,000 purchase of SAY, presented on a split-history-adjusted basis factoring in the complete SAY split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/19/2022 |
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| End date: |
12/06/2024 |
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| Start price/share: |
$24.82 |
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| End price/share: |
$25.22 |
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| Starting shares: |
402.90 |
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| Ending shares: |
472.09 |
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| Dividends reinvested/share: |
$4.00 |
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| Total return: |
19.06% |
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| Average Annual Total Return: |
9.27% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,905.18 |
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| Years: |
1.97 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/19/2022 |
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| End date: |
12/06/2024 |
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| Start price/share: |
$24.82 |
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| End price/share: |
$25.22 |
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| Dividends collected/share: |
$4.00 |
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| Total return: |
17.71% |
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| Average Annual Total Return: |
8.64% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,770.54 |
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| Years: |
1.97 |
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| Date |
Ratio |
| 10/18/2006 | 2 for 1 |
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