Split History
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Video: What is a Stock Split?

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Teekay Tankers is a provider of marine transportation to global oil industries. Co. has two reportable segments, its conventional tanker segment and its ship-to-ship transfer segment. Co.'s conventional tanker segment consists of the operation of all of its tankers, including the operations from its subsidiaries, Teekay Tanker Operations Ltd. and Tanker Investments Ltd., and those tankers employed on service lightering contracts. Co.'s ship-to-ship transfer segment consists of its lightering support services, including those provided to its conventional tanker segment as part of service lightering operations and LNG terminal management, consultancy, procurement and other related services. According to our TNK split history records, Teekay Tankers has had 1 split.
TNK split history picture
Teekay Tankers (TNK) has 1 split in our TNK split history database. The split for TNK took place on November 25, 2019. This was a 1 for 8 reverse split, meaning for each 8 shares of TNK owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 125 share position following the split.

When a company such as Teekay Tankers 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 TNK split history from start to finish, an original position size of 1000 shares would have turned into 125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Teekay Tankers shares, starting with a $10,000 purchase of TNK, presented on a split-history-adjusted basis factoring in the complete TNK split history. TNK split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 07/06/2010
End date: 07/02/2020
Start price/share: $85.52
End price/share: $12.51
Starting shares: 116.93
Ending shares: 198.74
Dividends reinvested/share: $21.52
Total return: -75.14%
Average Annual Total Return: -13.00%
Starting investment: $10,000.00
Ending investment: $2,485.18
Years: 10.00
Growth of $10,000.00
Without Dividends Reinvested

Start date: 07/06/2010
End date: 07/02/2020
Start price/share: $85.52
End price/share: $12.51
Dividends collected/share: $21.52
Total return: -60.21%
Average Annual Total Return: -8.81%
Starting investment: $10,000.00
Ending investment: $3,977.24
Years: 10.00
Date Ratio
11/25/20191 for 8
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