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Video: What is a Stock Split?
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Grindrod Shipping Holdings is a holding company. Through its subsidiaries, Co. is an international shipping company that owns, charters-in and operates a fleet of drybulk carriers and tankers. Co. owns some of its vessels directly and some of its vessels in joint venture arrangements. Co. operates two businesses primarily in: the drybulk carriers business, which transport a range of major and minor bulk and breakbulk commodities, including ores, coal, grains, forestry products, steel products and fertilizers along worldwide shipping routes; and the tankers business, which carries petroleum products such as petrol, diesel, jet fuel and naptha, and dirty products, such as heavy fuel oil. According to our Grindrod Shipping Holdings stock split history records, Grindrod Shipping Holdings has had 1 split. | |
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Grindrod Shipping Holdings (GRIN) has 1 split in our Grindrod Shipping Holdings stock split history database. The split for GRIN took place on August 04, 1997. This was a 1 for 5
reverse split, meaning for each 5
shares of GRIN owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as Grindrod Shipping Holdings 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 Grindrod Shipping Holdings stock split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Grindrod Shipping Holdings shares, starting with a $10,000 purchase of GRIN, presented on a split-history-adjusted basis factoring in the complete Grindrod Shipping Holdings stock split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
06/19/2018 |
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End date: |
05/01/2024 |
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Start price/share: |
$17.00 |
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End price/share: |
$13.54 |
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Starting shares: |
588.24 |
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Ending shares: |
985.83 |
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Dividends reinvested/share: |
$9.46 |
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Total return: |
33.48% |
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Average Annual Total Return: |
5.04% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$13,346.84 |
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Years: |
5.87 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
06/19/2018 |
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End date: |
05/01/2024 |
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Start price/share: |
$17.00 |
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End price/share: |
$13.54 |
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Dividends collected/share: |
$9.46 |
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Total return: |
35.28% |
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Average Annual Total Return: |
5.28% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$13,526.89 |
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Years: |
5.87 |
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Date |
Ratio |
08/04/1997 | 1 for 5
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