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 Video: What is a Stock Split?
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| Wipro is an information technology, consulting and business process services company. Co.'s range of services includes digital strategy, customer-centric design, consulting, infrastructure services, business process services, research and development, cloud, mobility and analytics and product engineering. Co. provides a variety of commercial models including time and material, fixed price, capacity based, pay-per-use, as-a-service and outcome-based models by utilizing its proprietary products, platforms, partnerships and solutions, including automation technologies such as its proprietary cognitive intelligence tool, Wipro HOLMES Artificial Intelligence Platform (Wipro HOLMES™). According to our WIT split history records, Wipro has had 6 splits. | |
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Wipro (WIT) has 6 splits in our WIT split history database. The first split for WIT took place on July 02, 2004. This was a 3 for 1 split, meaning for each share of WIT owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split. WIT's second split took place on August 19, 2005. WIT's third split took place on September 02, 2005. This was a 2 for 1 split, meaning for each share of WIT owned pre-split, the shareholder now owned 2 shares. For example, a 3000 share position pre-split, became a 6000 share position following the split. WIT's 4th split took place on June 23, 2010. This was a 5 for 3 split, meaning for each 3 shares of WIT owned pre-split, the shareholder now owned 5 shares. For example, a 6000 share position pre-split, became a 10000 share position following the split. WIT's 5th split took place on April 09, 2013. This was a 1121 for 1000 split, meaning for each 1000 shares of WIT owned pre-split, the shareholder now owned 1121 shares. For example, a 10000 share position pre-split, became a 11210 share position following the split. WIT's 6th split took place on June 22, 2017. This was a 2 for 1 split, meaning for each share of WIT owned pre-split, the shareholder now owned 2 shares. For example, a 11210 share position pre-split, became a 22420 share position following the split.
When a company such as Wipro 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 WIT split history from start to finish, an original position size of 1000 shares would have turned into 22420 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Wipro shares, starting with a $10,000 purchase of WIT, presented on a split-history-adjusted basis factoring in the complete WIT 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: |
$5.95 |
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| End price/share: |
$6.37 |
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| Starting shares: |
1,680.67 |
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| Ending shares: |
1,770.85 |
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| Dividends reinvested/share: |
$0.32 |
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| Total return: |
12.80% |
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| Average Annual Total Return: |
1.21% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,278.43 |
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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: |
$5.95 |
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| End price/share: |
$6.37 |
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| Dividends collected/share: |
$0.32 |
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| Total return: |
12.37% |
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| Average Annual Total Return: |
1.17% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,233.92 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 07/02/2004 | 3 for 1 | | 08/19/2005 | 1 for 1 | | 09/02/2005 | 2 for 1 | | 06/23/2010 | 5 for 3 | | 04/09/2013 | 1121 for 1000 | | 06/22/2017 | 2 for 1 |
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