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Video: What is a Stock Split?
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Washington Prime Group operates as a self-administered and self-managed real estate investment trust. Washington Prime Group, L.P. (WPG L.P.) is Co.'s majority-owned limited partnership subsidiary that owns, develops, and manages, through its affiliates, all of Co.'s real estate properties and other assets. Co. is the sole general partner of WPG L.P. Co. owns, develops and manages enclosed retail properties and open air properties. Co.'s assets consist of material interests in shopping centers in the United States. According to our WPG split history records, WPG has had 1 split. | |
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WPG (WPG) has 1 split in our WPG split history database. The split for WPG took place on December 22, 2020. This was a 1 for 9 reverse split, meaning for each 9 shares of WPG owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 111.111111111111 share position following the split.
When a company such as WPG conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the WPG split history from start to finish, an original position size of 1000 shares would have turned into 111.111111111111 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into WPG shares, starting with a $10,000 purchase of WPG, presented on a split-history-adjusted basis factoring in the complete WPG split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
05/15/2014 |
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End date: |
09/29/2021 |
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Start price/share: |
$187.83 |
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End price/share: |
$0.83 |
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Starting shares: |
53.24 |
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Ending shares: |
114.32 |
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Dividends reinvested/share: |
$51.88 |
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Total return: |
-99.05% |
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Average Annual Total Return: |
-46.78% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$95.11 |
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Years: |
7.38 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
05/15/2014 |
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End date: |
09/29/2021 |
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Start price/share: |
$187.83 |
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End price/share: |
$0.83 |
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Dividends collected/share: |
$51.88 |
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Total return: |
-71.93% |
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Average Annual Total Return: |
-15.81% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$2,807.77 |
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Years: |
7.38 |
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Date |
Ratio |
12/22/2020 | 1 for 9 |
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