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Video: What is a Stock Split?
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ScanSource is a hybrid distributor connecting devices to the cloud for customers across hardware, Software as a Service, connectivity and cloud. Co.'s segments are Specialty Technology Solutions; and Modern Communications and Cloud. The Specialty Technology Solutions portfolio includes enterprise mobile computing, data capture, barcode printing, payments, networking, electronic physical security, cybersecurity and other technologies. The Modern Communications and Cloud portfolio of solutions includes communications technologies and services for voice, video conferencing, wireless, data networking, cybersecurity, cable, unified communications and collaboration, cloud and technology services. According to our SCSC split history records, ScanSource has had 2 splits. | |
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ScanSource (SCSC) has 2 splits in our SCSC split history database. The first split for SCSC took place on January 29, 2003. This was a 2 for 1 split, meaning for each share of SCSC 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. SCSC's second split took place on June 06, 2006. This was a 2 for 1 split, meaning for each share of SCSC 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 ScanSource 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 SCSC 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 ScanSource shares, starting with a $10,000 purchase of SCSC, presented on a split-history-adjusted basis factoring in the complete SCSC split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/28/2014 |
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End date: |
04/24/2024 |
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Start price/share: |
$38.23 |
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End price/share: |
$42.87 |
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Dividends collected/share: |
$0.00 |
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Total return: |
12.14% |
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Average Annual Total Return: |
1.15% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$11,211.02 |
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Years: |
10.00 |
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Date |
Ratio |
01/29/2003 | 2 for 1 | 06/06/2006 | 2 for 1 |
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