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 Video: What is a Stock Split?
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| Shenandoah Telecommunications is engaged as a provider of a range of broadband communication services and cell tower colocation space. Co. is organized into two reporting segments, which are Broadband and Tower. Co.'s Broadband segment provides broadband, video and voice services to residential and commercial customers. The Broadband segment also leases dark fiber and provides Ethernet and wavelength fiber optic services to enterprise and wholesale customers. The Broadband segment also provides voice and digital subscriber line telephone services to customers. Co.'s Tower segment owns various macro cell towers and leases colocation space on the towers to wireless communications providers. According to our SHEN split history records, Shenandoah Telecommunications has had 3 splits. | |
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Shenandoah Telecommunications (SHEN) has 3 splits in our SHEN split history database. The first split for SHEN took place on February 23, 2004. This was a 2 for 1 split, meaning for each share of SHEN 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. SHEN's second split took place on August 20, 2007. This was a 3 for 1 split, meaning for each share of SHEN 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. SHEN's third split took place on January 05, 2016. This was a 2 for 1 split, meaning for each share of SHEN owned pre-split, the shareholder now owned 2 shares. For example, a 6000 share position pre-split, became a 12000 share position following the split.
When a company such as Shenandoah Telecommunications 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 SHEN split history from start to finish, an original position size of 1000 shares would have turned into 12000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Shenandoah Telecommunications shares, starting with a $10,000 purchase of SHEN, presented on a split-history-adjusted basis factoring in the complete SHEN split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/19/2024 |
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| Start price/share: |
$15.13 |
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| End price/share: |
$14.69 |
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| Starting shares: |
660.94 |
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| Ending shares: |
1,164.33 |
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| Dividends reinvested/share: |
$20.88 |
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| Total return: |
71.04% |
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| Average Annual Total Return: |
5.51% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$17,097.64 |
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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: |
04/22/2014 |
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| End date: |
04/19/2024 |
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| Start price/share: |
$15.13 |
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| End price/share: |
$14.69 |
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| Dividends collected/share: |
$20.88 |
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| Total return: |
135.06% |
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| Average Annual Total Return: |
8.92% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$23,500.46 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 02/23/2004 | 2 for 1 | | 08/20/2007 | 3 for 1 | | 01/05/2016 | 2 for 1 |
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