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Video: What is a Stock Split?
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Performance Shipping is a holding company. Through its subsidiaries, Co. is engaged in the ownership of vessels. Co. provides shipping transportation services through the ownership of tanker vessels. Co.'s fleet consisted of Aframax tanker vessels. Co. operates its fleet through its subsidiary, Unitized Ocean Transport Limited. According to our Performance Shipping stock split history records, Performance Shipping has had 1 split. | |
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Performance Shipping (PSHG) has 1 split in our Performance Shipping stock split history database. The split for PSHG took place on November 15, 2022. This was a 1 for 15 reverse split, meaning for each 15 shares of PSHG owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split.
When a company such as Performance Shipping 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 Performance Shipping stock split history from start to finish, an original position size of 1000 shares would have turned into 66.6666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Performance Shipping shares, starting with a $10,000 purchase of PSHG, presented on a split-history-adjusted basis factoring in the complete Performance Shipping stock split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
05/01/2014 |
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End date: |
04/29/2024 |
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Start price/share: |
$57.75 |
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End price/share: |
$2.05 |
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Starting shares: |
173.16 |
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Ending shares: |
183.16 |
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Dividends reinvested/share: |
$1.26 |
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Total return: |
-96.25% |
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Average Annual Total Return: |
-27.97% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$375.62 |
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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: |
05/01/2014 |
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End date: |
04/29/2024 |
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Start price/share: |
$57.75 |
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End price/share: |
$2.05 |
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Dividends collected/share: |
$1.26 |
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Total return: |
-94.27% |
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Average Annual Total Return: |
-24.86% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$573.29 |
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Years: |
10.00 |
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Date |
Ratio |
11/15/2022 | 1 for 15 |
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