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 Video: What is a Stock Split?
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| Waste Connections is engaged as an integrated solid waste services company that provides non-hazardous waste collection, transfer and disposal services, along with recycling and resource recovery, in secondary markets in the U.S. and Canada. Co. provides non-hazardous oilfield waste treatment, recovery and disposal services in several basins across the U.S., as well as intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest. Co. provides residential, commercial, industrial and municipal customers recycling services for recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles and ferrous and aluminum metals. According to our WCN split history records, Waste Connections has had 4 splits. | |
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Waste Connections (WCN) has 4 splits in our WCN split history database. The first split for WCN took place on June 25, 2004. This was a 3 for 2 split, meaning for each 2 shares of WCN 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. WCN's second split took place on March 14, 2007. This was a 3 for 2 split, meaning for each 2 shares of WCN 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. WCN's third split took place on November 15, 2010. This was a 3 for 2 split, meaning for each 2 shares of WCN 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. WCN's 4th split took place on June 19, 2017. This was a 3 for 2 split, meaning for each 2 shares of WCN owned pre-split, the shareholder now owned 3 shares. For example, a 3375 share position pre-split, became a 5062.5 share position following the split.
When a company such as Waste Connections 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 WCN split history from start to finish, an original position size of 1000 shares would have turned into 5062.5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Waste Connections shares, starting with a $10,000 purchase of WCN, presented on a split-history-adjusted basis factoring in the complete WCN split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/17/2024 |
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| Start price/share: |
$29.65 |
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| End price/share: |
$164.68 |
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| Starting shares: |
337.27 |
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| Ending shares: |
365.24 |
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| Dividends reinvested/share: |
$6.50 |
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| Total return: |
501.47% |
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| Average Annual Total Return: |
19.66% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$60,126.08 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/17/2024 |
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| Start price/share: |
$29.65 |
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| End price/share: |
$164.68 |
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| Dividends collected/share: |
$6.50 |
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| Total return: |
477.32% |
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| Average Annual Total Return: |
19.17% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$57,710.13 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 06/25/2004 | 3 for 2 | | 03/14/2007 | 3 for 2 | | 11/15/2010 | 3 for 2 | | 06/19/2017 | 3 for 2 |
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