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Video: What is a Stock Split?
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| U.S. Physical Therapy, Inc. is a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services. Its physical therapy operations segment primarily operates through subsidiary clinic partnerships. Its physical therapy operations consist of physical therapy and occupational therapy clinics that provide pre- and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventive care, rehabilitation of injured workers and neurological injuries. According to our USPH split history records, U.S. Physical Therapy has had 2 splits. | |
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U.S. Physical Therapy (USPH) has 2 splits in our USPH split history database. The first split for USPH took place on January 08, 2001. This was a 2 for 1 split, meaning for each share of USPH 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. USPH's second split took place on June 29, 2001. This was a 3 for 2 split, meaning for each 2 shares of USPH owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 3000 share position following the split.
When a company such as U.S. Physical Therapy 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 USPH split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into U.S. Physical Therapy shares, starting with a $10,000 purchase of USPH, presented on a split-history-adjusted basis factoring in the complete USPH split history.

Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/14/2015 |
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| End date: |
12/10/2025 |
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| Start price/share: |
$49.41 |
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| End price/share: |
$79.28 |
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| Starting shares: |
202.39 |
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| Ending shares: |
232.32 |
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| Dividends reinvested/share: |
$12.24 |
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| Total return: |
84.18% |
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| Average Annual Total Return: |
6.30% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$18,418.74 |
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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: |
12/14/2015 |
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| End date: |
12/10/2025 |
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| Start price/share: |
$49.41 |
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| End price/share: |
$79.28 |
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| Dividends collected/share: |
$12.24 |
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| Total return: |
85.23% |
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| Average Annual Total Return: |
6.36% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$18,522.94 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 01/08/2001 | 2 for 1 | | 06/29/2001 | 3 for 2 |
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