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Video: What is a Stock Split?
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RMG Acquisition Corp. III is a newly incorporated blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses. According to our RMGC stock split history records, RMGC has had 1 split. | |
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RMGC (RMGC) has 1 split in our RMGC stock split history database. The split for RMGC took place on February 23, 2006. This was a 2 for 1 split, meaning for each share of RMGC 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.
When a company such as RMGC 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 RMGC stock split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into RMGC shares, starting with a $10,000 purchase of RMGC, presented on a split-history-adjusted basis factoring in the complete RMGC stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
03/31/2021 |
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End date: |
04/22/2024 |
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Start price/share: |
$9.80 |
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End price/share: |
$9.98 |
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Dividends collected/share: |
$0.00 |
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Total return: |
1.84% |
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Average Annual Total Return: |
0.60% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$10,184.92 |
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Years: |
3.06 |
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Date |
Ratio |
02/23/2006 | 2 for 1 |
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