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 Video: What is a Stock Split?
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| Syntel is a provider of digital transformation, information technology and knowledge process outsourcing services. Co.'s segments include: Banking and Financial Services, which serves financial institutions throughout the world; Healthcare and Life Sciences, which serves healthcare payers, providers and pharmaceutical and medical device providers, among others; Insurance, which serves the needs of property and casualty insurers, insurance brokers, personal, commercial, life and retirement insurance service providers; Manufacturing, which provides technology services and business consulting; and Retail, Logistics and Telecom, which provides elimination and digital modernization solutions. According to our SYNT split history records, SYNT has had 2 splits. | |
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SYNT (SYNT) has 2 splits in our SYNT split history database. The first split for SYNT took place on April 23, 1998. This was a 3 for 2
split, meaning for each 2
shares of SYNT 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. SYNT's second split took place on November 04, 2014. This was a 2 for 1 split, meaning for each share of SYNT 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.
When a company such as SYNT 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 SYNT split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SYNT shares, starting with a $10,000 purchase of SYNT, presented on a split-history-adjusted basis factoring in the complete SYNT split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
09/16/2014 |
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| End date: |
10/09/2018 |
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| Start price/share: |
$44.55 |
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| End price/share: |
$40.99 |
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| Starting shares: |
224.47 |
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| Ending shares: |
353.67 |
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| Dividends reinvested/share: |
$15.00 |
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| Total return: |
44.97% |
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| Average Annual Total Return: |
9.56% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,494.90 |
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| Years: |
4.07 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
09/16/2014 |
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| End date: |
10/09/2018 |
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| Start price/share: |
$44.55 |
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| End price/share: |
$40.99 |
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| Dividends collected/share: |
$15.00 |
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| Total return: |
25.68% |
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| Average Annual Total Return: |
5.78% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$12,566.63 |
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| Years: |
4.07 |
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| Date |
Ratio |
| 04/23/1998 | 3 for 2
| | 11/04/2014 | 2 for 1 |
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