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 Video: What is a Stock Split?
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| Toll Brothers designs, builds, markets, sells, and arranges financing for detached and attached homes in residential communities. Co. caters to move-up, empty-nester, active-adult, and second-home buyers in the U.S. Co. also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living®. Co. also operates its own security company, TBI Smart Home Solutions, which provides home automation and technology options. In addition, Co. operates its own lumber distribution, house component assembly, and manufacturing operations. In addition to its residential for-sale business, Co. also develops and operates for-rent apartments primarily through joint ventures. According to our TOL split history records, Toll Brothers has had 2 splits. | |
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Toll Brothers (TOL) has 2 splits in our TOL split history database. The first split for TOL took place on April 01, 2002. This was a 2 for 1 split, meaning for each share of TOL 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. TOL's second split took place on July 11, 2005. This was a 2 for 1 split, meaning for each share of TOL 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 Toll Brothers 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 TOL 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 Toll Brothers shares, starting with a $10,000 purchase of TOL, presented on a split-history-adjusted basis factoring in the complete TOL split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/20/2009 |
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| End date: |
04/18/2019 |
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| Start price/share: |
$18.71 |
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| End price/share: |
$39.22 |
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| Starting shares: |
534.47 |
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| Ending shares: |
546.71 |
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| Dividends reinvested/share: |
$0.87 |
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| Total return: |
114.42% |
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| Average Annual Total Return: |
7.93% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$21,449.73 |
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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: |
04/20/2009 |
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| End date: |
04/18/2019 |
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| Start price/share: |
$18.71 |
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| End price/share: |
$39.22 |
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| Dividends collected/share: |
$0.87 |
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| Total return: |
114.27% |
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| Average Annual Total Return: |
7.92% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$21,429.86 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 04/01/2002 | 2 for 1 | | 07/11/2005 | 2 for 1 |
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