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 Video: What is a Stock Split?
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| Surgical Care Affiliates is a provider of solutions to physicians, health plans and health systems. Co.'s ambulatory surgery centers provide the facilities, equipment, supplies and clinical support staff necessary to provide non-emergency surgical services to patients not requiring hospitalization. Co.'s surgical hospitals allow physicians to perform surgical procedures and allow patients to stay in the hospital for several nights to recover if needed. Physicians at Co.'s facilities provide surgical services in a variety of specialties, including orthopedics, ophthalmology, gastroenterology, pain management, otolaryngology, urology, spine and gynecology, and other surgery procedures. According to our SCAI split history records, SCAI has had 1 split. | |
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SCAI (SCAI) has 1 split in our SCAI split history database. The split for SCAI took place on June 24, 1999. This was a 2 for 1
split, meaning for each share of SCAI 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 SCAI 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 SCAI 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 SCAI shares, starting with a $10,000 purchase of SCAI, presented on a split-history-adjusted basis factoring in the complete SCAI split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/31/2013 |
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| End date: |
03/24/2017 |
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| Start price/share: |
$26.25 |
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| End price/share: |
$55.87 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
112.84% |
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| Average Annual Total Return: |
24.90% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$21,283.73 |
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| Years: |
3.40 |
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| Date |
Ratio |
| 06/24/1999 | 2 for 1
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