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Video: What is a Stock Split?
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Gladstone Land is a holding company. Through its subsidiaries, Co. is an externally-managed, agricultural real estate investment trust that is engaged in the business of owning and leasing farmland. Co.'s farmland is concentrated in locations where farmers are able to grow either fresh produce annual row crops, which are typically planted and harvested annually, or certain permanent crops. To a much lesser extent, Co. also owns farms that grow certain commodity crops. In addition, Co. owns several farm-related facilities that are necessary to the farming operations on the underlying farmland, such as cooling facilities, packinghouses, processing facilities, and various storage facilities. According to our Gladstone Land stock split history records, Gladstone Land has had 1 split. | |
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Gladstone Land (LAND) has 1 split in our Gladstone Land stock split history database. The split for LAND took place on September 10, 2002. This was a 3 for 2 split, meaning for each 2 shares of LAND 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.
When a company such as Gladstone Land 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 Gladstone Land stock split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Gladstone Land shares, starting with a $10,000 purchase of LAND, presented on a split-history-adjusted basis factoring in the complete Gladstone Land stock split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/25/2014 |
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End date: |
04/23/2024 |
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Start price/share: |
$12.32 |
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End price/share: |
$12.75 |
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Starting shares: |
811.69 |
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Ending shares: |
1,185.41 |
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Dividends reinvested/share: |
$5.15 |
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Total return: |
51.14% |
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Average Annual Total Return: |
4.22% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$15,120.28 |
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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: |
04/25/2014 |
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End date: |
04/23/2024 |
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Start price/share: |
$12.32 |
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End price/share: |
$12.75 |
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Dividends collected/share: |
$5.15 |
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Total return: |
45.32% |
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Average Annual Total Return: |
3.81% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$14,535.72 |
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Years: |
10.00 |
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Date |
Ratio |
09/10/2002 | 3 for 2 |
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