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 Video: What is a Stock Split?
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| TEGNA is a media company. Co.'s business provides television programming and digital content. Co. also owns multicast networks True Crime Network, Twist and Quest. Each television station also has digital presence across online, mobile and social platforms. Co. provides advertising and marketing services, which include local and national non-political television advertising, digital marketing services (including Premion), and advertising on stations' websites, tablet and mobile products and; political advertising; and other services, such as production of programming, tower rentals and distribution of Co.'s local news content. According to our TGNA split history records, TEGNA has had 2 splits. | |
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TEGNA (TGNA) has 2 splits in our TGNA split history database. The first split for TGNA took place on June 29, 2015. This was a 10000 for 8174 split, meaning for each 8174 shares of TGNA owned pre-split, the shareholder now owned 10000 shares. For example, a 1000 share position pre-split, became a 1223.39124051872 share position following the split. TGNA's second split took place on June 01, 2017. This was a 15625 for 10000 split, meaning for each 10000 shares of TGNA owned pre-split, the shareholder now owned 15625 shares. For example, a 1223.39124051872 share position pre-split, became a 1911.5488133105 share position following the split.
When a company such as TEGNA 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 TGNA split history from start to finish, an original position size of 1000 shares would have turned into 1911.5488133105 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into TEGNA shares, starting with a $10,000 purchase of TGNA, presented on a split-history-adjusted basis factoring in the complete TGNA split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
09/12/2014 |
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| End date: |
09/10/2024 |
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| Start price/share: |
$16.82 |
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| End price/share: |
$14.19 |
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| Starting shares: |
594.53 |
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| Ending shares: |
744.80 |
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| Dividends reinvested/share: |
$3.51 |
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| Total return: |
5.69% |
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| Average Annual Total Return: |
0.55% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$10,563.97 |
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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: |
09/12/2014 |
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| End date: |
09/10/2024 |
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| Start price/share: |
$16.82 |
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| End price/share: |
$14.19 |
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| Dividends collected/share: |
$3.51 |
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| Total return: |
5.22% |
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| Average Annual Total Return: |
0.51% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$10,522.01 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/29/2015 | 10000 for 8174 | | 06/01/2017 | 15625 for 10000 |
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