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 Video: What is a Stock Split?
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| Sinopec Shanghai Petrochemical is a petrochemical company engaged in the production of ethylene. Co. principally operates in five operating segments: synthetic fibers, which produces primarily polyester, acrylic fibers and carbon fibers; resins and plastics, which produces primarily polyester chips, polyethylene resins, polypropylene resins and polyvinyl alcohol granules; intermediate petrochemicals, which primarily produces p-xylene, benzene and ethylene oxide; petroleum products, which produces qualified refined gasoline, fuel, diesel oil, heavy oil and liquefied petroleum gas; and trading of petrochemical products, which is engaged in importing and exporting of petrochemical products. According to our SHI split history records, SHI has had 1 split. | |
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SHI (SHI) has 1 split in our SHI split history database. The split for SHI took place on December 11, 2013. This was a 3 for 2 split, meaning for each 2 shares of SHI owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split.
When a company such as SHI 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 SHI split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SHI shares, starting with a $10,000 purchase of SHI, presented on a split-history-adjusted basis factoring in the complete SHI split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
01/23/2015 |
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| End date: |
09/07/2022 |
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| Start price/share: |
$29.74 |
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| End price/share: |
$15.34 |
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| Starting shares: |
336.25 |
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| Ending shares: |
538.16 |
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| Dividends reinvested/share: |
$18.43 |
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| Total return: |
-17.45% |
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| Average Annual Total Return: |
-2.48% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$8,257.40 |
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| Years: |
7.62 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
01/23/2015 |
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| End date: |
09/07/2022 |
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| Start price/share: |
$29.74 |
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| End price/share: |
$15.34 |
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| Dividends collected/share: |
$18.43 |
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| Total return: |
13.54% |
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| Average Annual Total Return: |
1.68% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,354.51 |
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| Years: |
7.62 |
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| Date |
Ratio |
| 12/11/2013 | 3 for 2 |
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