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Video: What is a Stock Split?
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Teekay Tankers is an international provider of marine transportation to global oil industries. Co. has one reportable segment. Co.'s tanker segment consists of crude oil and product tankers that are subject to long-term, fixed-rate time-charter contracts (which have an original term of one year or more), operate in the spot tanker market, or are subject to time-charters that are priced on a spot market basis or are short-term, fixed-rate contracts (which have original terms of less than one year), including those employed on full service lightering contracts. In addition, Co.'s tanker segment includes its U.S.-based ship-to-ship support services. According to our Teekay Tankers stock split history records, Teekay Tankers has had 1 split. | |
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Teekay Tankers (TNK) has 1 split in our Teekay Tankers stock split history database. The split for TNK took place on November 25, 2019. This was a 1 for 8 reverse split, meaning for each 8 shares of TNK owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 125 share position following the split.
When a company such as Teekay Tankers 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 Teekay Tankers stock split history from start to finish, an original position size of 1000 shares would have turned into 125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Teekay Tankers shares, starting with a $10,000 purchase of TNK, presented on a split-history-adjusted basis factoring in the complete Teekay Tankers stock split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
05/06/2014 |
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End date: |
05/03/2024 |
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Start price/share: |
$26.32 |
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End price/share: |
$60.14 |
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Starting shares: |
379.94 |
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Ending shares: |
491.94 |
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Dividends reinvested/share: |
$7.04 |
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Total return: |
195.85% |
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Average Annual Total Return: |
11.46% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$29,593.09 |
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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: |
05/06/2014 |
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End date: |
05/03/2024 |
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Start price/share: |
$26.32 |
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End price/share: |
$60.14 |
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Dividends collected/share: |
$7.04 |
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Total return: |
155.24% |
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Average Annual Total Return: |
9.82% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$25,516.11 |
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Years: |
10.00 |
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Date |
Ratio |
11/25/2019 | 1 for 8 |
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