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 Video: What is a Stock Split?
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| Tucows provides consumers and small businesses with fixed Internet access in selected towns. Co. has three segments: its subsidiary, Ting Fiber, Inc., which includes the provision of Internet access services to select towns throughout the U.S.; Wavelo, which includes the provision of platforms and other services providing a variety of solutions that support Communication Service Providers, including subscription and billing management, network orchestration and provisioning, and individual developer tools; and Tucows Domains, which includes wholesale and retail domain name registration services, as well as other services derived through its OpenSRS, eNom, Ascio, EPAG and Hover brands. According to our TCX split history records, Tucows has had 1 split. | |
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Tucows (TCX) has 1 split in our TCX split history database. The split for TCX took place on December 31, 2013. This was a 1 for 4 reverse split, meaning for each 4 shares of TCX owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split.
When a company such as Tucows conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the TCX split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Tucows shares, starting with a $10,000 purchase of TCX, presented on a split-history-adjusted basis factoring in the complete TCX split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/07/2014 |
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| End date: |
10/03/2024 |
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| Start price/share: |
$15.01 |
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| End price/share: |
$19.82 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
32.05% |
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| Average Annual Total Return: |
2.82% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$13,205.14 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 12/31/2013 | 1 for 4 |
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