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 Video: What is a Stock Split?
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| Santander Consumer USA Holdings is a holding company. Through its subsidiaries, Co. is a consumer finance company focused on vehicle finance and third-party servicing and delivering service to dealers and customers across the credit spectrum. Co.'s primary business is the indirect origination and servicing of retail installment contracts and leases through manufacturer-franchised dealers in connection with their sale of new and used vehicles to retail consumers. Co. also sells consumer retail installment contracts through flow agreements and, when market conditions are favorable, it accesses the asset-backed securities market through securitizations of consumer retail installment contracts. According to our SC split history records, SC has had 2 splits. | |
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SC (SC) has 2 splits in our SC split history database. The first split for SC took place on December 12, 1988. This was a 2 for 1
split, meaning for each share of SC 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. SC's second split took place on July 01, 1997. This was a 3 for 1
split, meaning for each share of SC owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 6000 share position following the split.
When a company such as SC 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 SC split history from start to finish, an original position size of 1000 shares would have turned into 6000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SC shares, starting with a $10,000 purchase of SC, presented on a split-history-adjusted basis factoring in the complete SC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/09/2014 |
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| End date: |
01/28/2022 |
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| Start price/share: |
$18.25 |
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| End price/share: |
$41.60 |
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| Starting shares: |
547.95 |
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| Ending shares: |
630.22 |
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| Dividends reinvested/share: |
$3.13 |
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| Total return: |
162.17% |
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| Average Annual Total Return: |
14.09% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$26,209.35 |
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| Years: |
7.31 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/09/2014 |
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| End date: |
01/28/2022 |
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| Start price/share: |
$18.25 |
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| End price/share: |
$41.60 |
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| Dividends collected/share: |
$3.13 |
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| Total return: |
145.10% |
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| Average Annual Total Return: |
13.05% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$24,512.41 |
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| Years: |
7.31 |
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| Date |
Ratio |
| 12/12/1988 | 2 for 1
| | 07/01/1997 | 3 for 1
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