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 Video: What is a Stock Split?
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| The Southern Co. is an energy provider. Co. owns three traditional electric operating companies, Southern Power Co. and Southern Co. Gas. The traditional electric operating companies - Alabama Power, Georgia Power and Mississippi Power - are each operating public utility companies providing electric service to retail customers in three Southeastern states in addition to wholesale customers in the Southeast. The Southern Power Co. develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects, and sells electricity at market-based rates in the wholesale market. According to our SO split history records, Southern has had 2 splits. | |
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Southern (SO) has 2 splits in our SO split history database. The first split for SO took place on March 01, 1994. This was a 2 for 1
split, meaning for each share of SO 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. SO's second split took place on April 03, 2001. This was a 10000 for 6109 split, meaning for each 6109 shares of SO owned pre-split, the shareholder now owned 10000 shares. For example, a 2000 share position pre-split, became a 3273.85824193812 share position following the split.
When a company such as Southern 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 SO split history from start to finish, an original position size of 1000 shares would have turned into 3273.85824193812 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Southern shares, starting with a $10,000 purchase of SO, presented on a split-history-adjusted basis factoring in the complete SO split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/11/2014 |
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| End date: |
12/09/2024 |
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| Start price/share: |
$48.40 |
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| End price/share: |
$84.31 |
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| Starting shares: |
206.61 |
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| Ending shares: |
318.95 |
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| Dividends reinvested/share: |
$25.02 |
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| Total return: |
168.90% |
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| Average Annual Total Return: |
10.39% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$26,879.11 |
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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: |
12/11/2014 |
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| End date: |
12/09/2024 |
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| Start price/share: |
$48.40 |
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| End price/share: |
$84.31 |
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| Dividends collected/share: |
$25.02 |
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| Total return: |
125.88% |
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| Average Annual Total Return: |
8.49% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$22,594.05 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 03/01/1994 | 2 for 1
| | 04/03/2001 | 10000 for 6109 |
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