|
Video: What is a Stock Split?
|
|
World Acceptance is a small-loan consumer finance company, providing short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. Co. operates branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Texas, Tennessee, Utah, and Wisconsin. Co. generally serves individuals with limited access to other sources of consumer credit such as banks, credit unions, other consumer finance businesses and credit card lenders. Co. also provides income tax return preparation services to its loan customers and other individuals. According to our WRLD split history records, World Acceptance has had 1 split. | |
|
World Acceptance (WRLD) has 1 split in our WRLD split history database. The split for WRLD took place on September 01, 1995. This was a 3 for 1
split, meaning for each share of WRLD 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.
When a company such as World Acceptance 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 WRLD 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 World Acceptance shares, starting with a $10,000 purchase of WRLD, presented on a split-history-adjusted basis factoring in the complete WRLD split history.
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
03/19/2014 |
|
End date: |
03/15/2024 |
|
Start price/share: |
$75.62 |
|
End price/share: |
$127.46 |
|
Dividends collected/share: |
$0.00 |
|
Total return: |
68.55% |
|
Average Annual Total Return: |
5.36% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$16,853.71 |
|
Years: |
10.00 |
|
|
|
Date |
Ratio |
09/01/1995 | 3 for 1
|
|
|