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Video: What is a Stock Split?
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Global advertising and communications business. Its primary business is to create marketing communications for its clients' goods and services across the total spectrum of advertising and promotion media. According to our TNO split history records, TNO has had 2 splits. | |
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TNO (TNO) has 2 splits in our TNO split history database. The first split for TNO took place on April 04, 1988. This was a 2 for 1
split, meaning for each share of TNO owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. TNO's second split took place on February 21, 1995. This was a 2 for 1
split, meaning for each share of TNO owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as TNO 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 TNO split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into TNO shares, starting with a $10,000 purchase of TNO, presented on a split-history-adjusted basis factoring in the complete TNO split history.
TNO -- use the split history when considering split-adjusted past price performance. |
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Date |
Ratio |
04/04/1988 | 2 for 1
| 02/21/1995 | 2 for 1
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