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 Video: What is a Stock Split?
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| SkyWest, through its subsidiary, SkyWest Airlines, Inc, provides scheduled passenger service to various destinations. Substantially all of Co.'s flights are operated as United Express, Delta Connection, American Eagle or Alaska Airlines flights under code-share arrangements (commercial agreements between airlines that, among other things, allow one airline to use another airline's flight designator codes on its flights) with United Airlines, Inc., Delta Air Lines, Inc., American Airlines, Inc. or Alaska Airlines, Inc., respectively. Co.'s segment, SkyWest Leasing, includes its financing of new aircraft with debt under its capacity purchase agreements, consisting of its E175 aircraft. According to our SKYW split history records, SkyWest has had 3 splits. | |
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SkyWest (SKYW) has 3 splits in our SKYW split history database. The first split for SKYW took place on May 11, 1993. This was a 3 for 2
split, meaning for each 2
shares of SKYW 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. SKYW's second split took place on June 09, 1998. This was a 2 for 1
split, meaning for each share of SKYW owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split. SKYW's third split took place on December 18, 2000. This was a 2 for 1 split, meaning for each share of SKYW owned pre-split, the shareholder now owned 2 shares. For example, a 3000 share position pre-split, became a 6000 share position following the split.
When a company such as SkyWest 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 SKYW split history from start to finish, an original position size of 1000 shares would have turned into 6000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SkyWest shares, starting with a $10,000 purchase of SKYW, presented on a split-history-adjusted basis factoring in the complete SKYW 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: |
04/18/2024 |
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| Start price/share: |
$12.16 |
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| End price/share: |
$68.03 |
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| Starting shares: |
822.37 |
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| Ending shares: |
871.01 |
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| Dividends reinvested/share: |
$1.81 |
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| Total return: |
492.55% |
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| Average Annual Total Return: |
19.48% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$59,257.10 |
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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: |
04/18/2024 |
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| Start price/share: |
$12.16 |
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| End price/share: |
$68.03 |
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| Dividends collected/share: |
$1.81 |
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| Total return: |
474.34% |
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| Average Annual Total Return: |
19.11% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$57,447.90 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 05/11/1993 | 3 for 2
| | 06/09/1998 | 2 for 1
| | 12/18/2000 | 2 for 1 |
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