|
Video: What is a Stock Split?
|
|
H&R Block provides assisted, do-it-yourself tax return preparation solutions through multiple channels and distributes H&R Block-branded services and products, including those of its bank partners, to the general public in the U.S., Canada and Australia. Co. also provides a number of additional services, including Refund Transfers, Co.'s Peace of Mind® Extended Service Plan (POM), H&R Block Emerald Prepaid Mastercard®, Emerald Advances, Tax Identity Shield®, Refund Advances, and small business financial solutions. For its Canadian clients, Co. also provides POM, H&R Block's Instant Refundsm, H&R Block Pay With Refund®, and small business financial solutions. According to our H and R Block stock split history records, H and R Block has had 4 splits. | |
|
H and R Block (HRB) has 4 splits in our H and R Block stock split history database. The first split for HRB took place on October 02, 1987. This was a 2 for 1
split, meaning for each share of HRB owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. HRB's second split took place on October 02, 1991. This was a 2 for 1
split, meaning for each share of HRB owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. HRB's third split took place on August 02, 2001. This was a 2 for 1 split, meaning for each share of HRB owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split. HRB's 4th split took place on August 23, 2005. This was a 2 for 1 split, meaning for each share of HRB owned pre-split, the shareholder now owned 2 shares. For example, a 8000 share position pre-split, became a 16000 share position following the split.
When a company such as H and R Block 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 H and R Block stock split history from start to finish, an original position size of 1000 shares would have turned into 16000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into H and R Block shares, starting with a $10,000 purchase of HRB, presented on a split-history-adjusted basis factoring in the complete H and R Block stock split history.
Growth of $10,000.00
With Dividends Reinvested
|
Start date: |
04/01/2014 |
|
End date: |
03/28/2024 |
|
Start price/share: |
$30.87 |
|
End price/share: |
$49.11 |
|
Starting shares: |
323.94 |
|
Ending shares: |
471.47 |
|
Dividends reinvested/share: |
$9.99 |
|
Total return: |
131.54% |
|
Average Annual Total Return: |
8.76% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$23,152.19 |
|
Years: |
10.00 |
|
|
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
04/01/2014 |
|
End date: |
03/28/2024 |
|
Start price/share: |
$30.87 |
|
End price/share: |
$49.11 |
|
Dividends collected/share: |
$9.99 |
|
Total return: |
91.45% |
|
Average Annual Total Return: |
6.71% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$19,141.41 |
|
Years: |
10.00 |
|
|
|
Date |
Ratio |
10/02/1987 | 2 for 1
| 10/02/1991 | 2 for 1
| 08/02/2001 | 2 for 1 | 08/23/2005 | 2 for 1 |
|
|