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 Video: What is a Stock Split?
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| Washington Trust Bancorp is a bank holding company. Through its subsidiary, The Washington Trust Company, of Westerly (the Bank), Co. provides a range of banking and financial services to individuals and businesses, including commercial, residential and consumer lending, retail and commercial deposit products, and wealth management and trust services. Co. provides a variety of commercial and retail lending products. Commercial loans include commercial real estate and commercial and industrial loans. In addition, the Bank provides a variety of deposit products which consist of demand deposits, NOW accounts, money market accounts, savings accounts and time deposits. According to our WASH split history records, Washington Trust Bancorp has had 3 splits. | |
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Washington Trust Bancorp (WASH) has 3 splits in our WASH split history database. The first split for WASH took place on October 16, 1996. This was a 3 for 2
split, meaning for each 2
shares of WASH 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. WASH's second split took place on November 20, 1997. This was a 3 for 2
split, meaning for each 2
shares of WASH owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. WASH's third split took place on August 04, 1998. This was a 3 for 2
split, meaning for each 2
shares of WASH owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split.
When a company such as Washington Trust Bancorp 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 WASH split history from start to finish, an original position size of 1000 shares would have turned into 3375 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Washington Trust Bancorp shares, starting with a $10,000 purchase of WASH, presented on a split-history-adjusted basis factoring in the complete WASH split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/10/2014 |
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| End date: |
10/08/2024 |
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| Start price/share: |
$32.77 |
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| End price/share: |
$30.80 |
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| Starting shares: |
305.16 |
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| Ending shares: |
480.87 |
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| Dividends reinvested/share: |
$18.69 |
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| Total return: |
48.11% |
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| Average Annual Total Return: |
4.00% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,804.03 |
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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: |
10/10/2014 |
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| End date: |
10/08/2024 |
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| Start price/share: |
$32.77 |
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| End price/share: |
$30.80 |
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| Dividends collected/share: |
$18.69 |
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| Total return: |
51.02% |
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| Average Annual Total Return: |
4.21% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,105.78 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 10/16/1996 | 3 for 2
| | 11/20/1997 | 3 for 2
| | 08/04/1998 | 3 for 2
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