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Video: What is a Stock Split?
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Companhia Energetica de Minas Gerais is a holding company. Through its subsidiaries, Co. is engaged in transactions to buy and sell energy. Co. also engages in the following businesses which include: distributed generation, account services, cogeneration, supply and storage management; sale and trading of energy, through structuring and intermediation of purchase and sale transactions, trading energy in the Free Market, through its wholly-owned subsidiaries CEMIG Trading S.A. and Empresa de Servicos de Comercializacao de Energia Eletrica S.A.; and acquisition, transport and distribution of gas and its subproducts and derivatives through Companhia de Gas de Minas Gerais. According to our Companhia Energetica de Minas Gerais - CEMIG stock split history records, Companhia Energetica de Minas Gerais - CEMIG has had 6 splits. | |
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Companhia Energetica de Minas Gerais - CEMIG (CIG) has 6 splits in our Companhia Energetica de Minas Gerais - CEMIG stock split history database. The first split for CIG took place on May 08, 2007. This was a 3 for 2 split, meaning for each 2 shares of CIG 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. CIG's second split took place on June 12, 2007. This was a 2 for 1 split, meaning for each share of CIG owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split. CIG's third split took place on May 14, 2009. This was a 5 for 4 split, meaning for each 4 shares of CIG owned pre-split, the shareholder now owned 5 shares. For example, a 3000 share position pre-split, became a 3750 share position following the split. CIG's 4th split took place on May 14, 2012. This was a 5 for 4 split, meaning for each 4 shares of CIG owned pre-split, the shareholder now owned 5 shares. For example, a 3750 share position pre-split, became a 4687.5 share position following the split. CIG's 5th split took place on May 02, 2013. This was a 1128 for 1000 split, meaning for each 1000 shares of CIG owned pre-split, the shareholder now owned 1128 shares. For example, a 4687.5 share position pre-split, became a 5287.5 share position following the split. CIG's 6th split took place on January 13, 2014. This was a 13076 for 10000 split, meaning for each 10000 shares of CIG owned pre-split, the shareholder now owned 13076 shares. For example, a 5287.5 share position pre-split, became a 6913.935 share position following the split.
When a company such as Companhia Energetica de Minas Gerais - CEMIG 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 Companhia Energetica de Minas Gerais - CEMIG stock split history from start to finish, an original position size of 1000 shares would have turned into 6913.935 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Companhia Energetica de Minas Gerais - CEMIG shares, starting with a $10,000 purchase of CIG, presented on a split-history-adjusted basis factoring in the complete Companhia Energetica de Minas Gerais - CEMIG stock split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
05/07/2014 |
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End date: |
05/03/2024 |
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Start price/share: |
$7.36 |
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End price/share: |
$2.64 |
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Starting shares: |
1,358.70 |
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Ending shares: |
3,266.53 |
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Dividends reinvested/share: |
$2.82 |
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Total return: |
-13.76% |
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Average Annual Total Return: |
-1.47% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$8,623.87 |
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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: |
05/07/2014 |
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End date: |
05/03/2024 |
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Start price/share: |
$7.36 |
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End price/share: |
$2.64 |
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Dividends collected/share: |
$2.82 |
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Total return: |
-25.80% |
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Average Annual Total Return: |
-2.94% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$7,420.59 |
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Years: |
10.00 |
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Date |
Ratio |
05/08/2007 | 3 for 2 | 06/12/2007 | 2 for 1 | 05/14/2009 | 5 for 4 | 05/14/2012 | 5 for 4 | 05/02/2013 | 1128 for 1000 | 01/13/2014 | 13076 for 10000 |
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