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Video: What is a Stock Split?
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Symantec is a provider of cyber security. Co. provides cyber security products, services and solutions to organizations and individuals worldwide. Co.'s Enterprise Security portfolio includes a mix of products, services and solutions, delivered as part of an Integrated Cyber Defense platform. Co.'s platform unifies cloud and on-premises security to provide threat protection and information protection across endpoints, networks, email, and cloud applications. Co. also provides services, support services, and cyber security services. Co.'s Cyber Safety solutions from Norton LifeLock help consumers protect their devices, online privacy, identities, and home networks. According to our SYMC split history records, SYMC has had 4 splits. | |
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SYMC (SYMC) has 4 splits in our SYMC split history database. The first split for SYMC took place on October 28, 1991. This was a 2 for 1
split, meaning for each share of SYMC 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. SYMC's second split took place on February 01, 2002. This was a 2 for 1 split, meaning for each share of SYMC 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. SYMC's third split took place on November 20, 2003. This was a 2 for 1 split, meaning for each share of SYMC owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split. SYMC's 4th split took place on December 01, 2004. This was a 2 for 1 split, meaning for each share of SYMC owned pre-split, the shareholder now owned 2 shares. For example, a 8000 share position pre-split, became a 16000 share position following the split.
When a company such as SYMC 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 SYMC split history from start to finish, an original position size of 1000 shares would have turned into 16000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SYMC shares, starting with a $10,000 purchase of SYMC, presented on a split-history-adjusted basis factoring in the complete SYMC split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
03/31/2014 |
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End date: |
11/04/2019 |
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Start price/share: |
$19.97 |
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End price/share: |
$23.75 |
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Starting shares: |
500.75 |
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Ending shares: |
685.81 |
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Dividends reinvested/share: |
$6.25 |
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Total return: |
62.88% |
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Average Annual Total Return: |
9.10% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$16,286.16 |
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Years: |
5.60 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
03/31/2014 |
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End date: |
11/04/2019 |
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Start price/share: |
$19.97 |
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End price/share: |
$23.75 |
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Dividends collected/share: |
$6.25 |
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Total return: |
50.23% |
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Average Annual Total Return: |
7.54% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$15,024.23 |
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Years: |
5.60 |
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Date |
Ratio |
10/28/1991 | 2 for 1
| 02/01/2002 | 2 for 1 | 11/20/2003 | 2 for 1 | 12/01/2004 | 2 for 1 |
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