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Video: What is a Stock Split?
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International Game Technology engages in gaming that delivers gaming experiences for players across various channels and regulated segments, from lotteries and gaming machines to digital gaming and sports betting. Co.'s products and services are: Lottery, in which Co. designs, sells, leases, and operates a suite of point-of-sale machines that are electronically linked with a centralized transaction processing system; Gaming, in which Co. designs, develops, assembles or orders the assembly of, and provides cabinets, games, systems, and software; and PlayDigital, in which Co, through its PlayCasino brand, designs, and distributes a suite of products, systems, content, and services. According to our International Game Technology PLC stock split history records, International Game Technology PLC has had 5 splits. | |
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International Game Technology PLC (IGT) has 5 splits in our International Game Technology PLC stock split history database. The first split for IGT took place on July 16, 1990. This was a 2 for 1
split, meaning for each share of IGT 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. IGT's second split took place on August 23, 1991. This was a 2 for 1
split, meaning for each share of IGT 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. IGT's third split took place on March 25, 1992. This was a 2 for 1
split, meaning for each share of IGT 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. IGT's 4th split took place on March 18, 1993. This was a 2 for 1
split, meaning for each share of IGT 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. IGT's 5th split took place on July 03, 2003. This was a 4 for 1 split, meaning for each share of IGT owned pre-split, the shareholder now owned 4 shares. For example, a 16000 share position pre-split, became a 64000 share position following the split.
When a company such as International Game Technology PLC 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 International Game Technology PLC stock split history from start to finish, an original position size of 1000 shares would have turned into 64000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into International Game Technology PLC shares, starting with a $10,000 purchase of IGT, presented on a split-history-adjusted basis factoring in the complete International Game Technology PLC stock split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
03/31/2014 |
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End date: |
03/27/2024 |
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Start price/share: |
$14.06 |
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End price/share: |
$22.16 |
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Starting shares: |
711.24 |
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Ending shares: |
1,004.24 |
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Dividends reinvested/share: |
$6.24 |
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Total return: |
122.54% |
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Average Annual Total Return: |
8.33% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$22,253.19 |
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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: |
03/31/2014 |
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End date: |
03/27/2024 |
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Start price/share: |
$14.06 |
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End price/share: |
$22.16 |
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Dividends collected/share: |
$6.24 |
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Total return: |
101.99% |
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Average Annual Total Return: |
7.29% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$20,207.32 |
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Years: |
10.00 |
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Date |
Ratio |
07/16/1990 | 2 for 1
| 08/23/1991 | 2 for 1
| 03/25/1992 | 2 for 1
| 03/18/1993 | 2 for 1
| 07/03/2003 | 4 for 1 |
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