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Video: What is a Stock Split?
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The Company through its subsidiaries provides telecommunications services including voice data and video transmission Internet access and telecommunications solutions; pay cable and satellite television; and print and Internet-based yellow pages. According to our TII split history records, TII has had 1 split. | |
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TII (TII) has 1 split in our TII split history database. The split for TII took place on December 02, 1997. This was a 3 for 2
split, meaning for each 2
shares of TII 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.
When a company such as TII 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 TII split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into TII shares, starting with a $10,000 purchase of TII, presented on a split-history-adjusted basis factoring in the complete TII split history.
TII -- use the split history when considering split-adjusted past price performance. |
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Date |
Ratio |
12/02/1997 | 3 for 2
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