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 Video: What is a Stock Split?
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| Tanger Inc. is an owner and operator of outlet and open-air centers in the U.S. and Canada. Co. is a fully integrated, self-administered and self-managed real estate investment trust (REIT), which focuses on developing, acquiring, owning, operating and managing outlet and open-air shopping centers. Its outlet centers and other assets are held by, and all its operations are conducted by Tanger Properties Limited Partnership and subsidiaries (Operating Partnership). Co. operates 38 outlet centers, one adjacent managed center and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U.S. and Canada. According to our SKT split history records, Tanger has had 2 splits. | |
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Tanger (SKT) has 2 splits in our SKT split history database. The first split for SKT took place on December 29, 2004. This was a 2 for 1 split, meaning for each share of SKT 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. SKT's second split took place on January 25, 2011. This was a 2 for 1 split, meaning for each share of SKT 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 Tanger 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 SKT 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 Tanger shares, starting with a $10,000 purchase of SKT, presented on a split-history-adjusted basis factoring in the complete SKT split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
09/12/2016 |
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| End date: |
09/08/2026 |
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| Start price/share: |
$39.24 |
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| End price/share: |
$37.29 |
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| Starting shares: |
254.84 |
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| Ending shares: |
418.44 |
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| Dividends reinvested/share: |
$10.85 |
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| Total return: |
56.04% |
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| Average Annual Total Return: |
4.55% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,600.36 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
09/12/2016 |
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| End date: |
09/08/2026 |
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| Start price/share: |
$39.24 |
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| End price/share: |
$37.29 |
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| Dividends collected/share: |
$10.85 |
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| Total return: |
22.68% |
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| Average Annual Total Return: |
2.07% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$12,272.48 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 12/29/2004 | 2 for 1 | | 01/25/2011 | 2 for 1 |
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