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 Video: What is a Stock Split?
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| Zix is a provider of cloud email security, productivity and compliance solutions. Co. delivers solutions for email encryption and data loss prevention (DLP), threat protection, unified archiving, and cloud data backup. Co. serves organizations in the healthcare, financial services, and insurance and government sectors. Co.'s email encryption and DLP capabilities enable the secure exchange of email that includes sensitive information. Through a messaging service called Email Encryption, Co. allows an enterprise to use policy-driven rules to determine which email messages should be sent securely or quarantined for review to comply with regulations or company-defined policies. According to our ZIXI split history records, ZIXI has had 2 splits. | |
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ZIXI (ZIXI) has 2 splits in our ZIXI split history database. The first split for ZIXI took place on February 14, 1992. This was a 3 for 2
split, meaning for each 2
shares of ZIXI 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. ZIXI's second split took place on June 28, 1993. This was a 5 for 4
split, meaning for each 4
shares of ZIXI owned pre-split, the shareholder now owned 5 shares. For example, a 1500 share position pre-split, became a 1875 share position following the split.
When a company such as ZIXI 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 ZIXI split history from start to finish, an original position size of 1000 shares would have turned into 1875 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ZIXI shares, starting with a $10,000 purchase of ZIXI, presented on a split-history-adjusted basis factoring in the complete ZIXI split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/07/2014 |
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| End date: |
12/23/2021 |
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| Start price/share: |
$3.42 |
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| End price/share: |
$8.49 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
148.25% |
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| Average Annual Total Return: |
13.43% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$24,827.94 |
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| Years: |
7.22 |
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| Date |
Ratio |
| 02/14/1992 | 3 for 2
| | 06/28/1993 | 5 for 4
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