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 Video: What is a Stock Split?
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| American Express is a payments company. Co. provides credit and charge cards to consumers, small businesses, mid-sized companies and corporations. Co.'s segments are: Global Consumer Services Group, which issues consumer cards and provides travel and lifestyle services and non-card financing products; Global Commercial Services, which issues corporate and small business cards and provides payment, expense management and financing solutions; and Global Merchant and Network Services, which operates a global payments network that processes and settles card transactions, acquires merchants and provides multi-channel marketing programs and capabilities, services and data analytics. According to our American Express stock split history records, American Express has had 6 splits. | |
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American Express (AXP) has 6 splits in our American Express stock split history database. The first split for AXP took place on February 11, 1983. This was a 4 for 3
split, meaning for each 3
shares of AXP owned pre-split, the shareholder now owned 4 shares. For example, a 1000 share position pre-split, became a 1333.33333333333 share position following the split. AXP's second split took place on August 11, 1983. This was a 3 for 2
split, meaning for each 2
shares of AXP owned pre-split, the shareholder now owned 3 shares. For example, a 1333.33333333333 share position pre-split, became a 2000 share position following the split. AXP's third split took place on May 11, 1987. This was a 2 for 1
split, meaning for each share of AXP 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. AXP's 4th split took place on May 11, 2000. This was a 3 for 1
split, meaning for each share of AXP owned pre-split, the shareholder now owned 3 shares. For example, a 4000 share position pre-split, became a 12000 share position following the split. AXP's 5th split took place on May 31, 1994. This was a 10000 for 8825 split, meaning for each 8825 shares of AXP owned pre-split, the shareholder now owned 10000 shares. For example, a 12000 share position pre-split, became a 13597.7337110482 share position following the split. AXP's 6th split took place on October 03, 2005. This was a 10000 for 8753 split, meaning for each 8753 shares of AXP owned pre-split, the shareholder now owned 10000 shares. For example, a 13597.7337110482 share position pre-split, became a 15534.9408329123 share position following the split.
When a company such as American Express 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 American Express stock split history from start to finish, an original position size of 1000 shares would have turned into 15534.9408329123 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into American Express shares, starting with a $10,000 purchase of AXP, presented on a split-history-adjusted basis factoring in the complete American Express stock split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
06/11/2013 |
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| End date: |
06/09/2023 |
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| Start price/share: |
$76.52 |
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| End price/share: |
$171.72 |
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| Starting shares: |
130.68 |
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| Ending shares: |
150.91 |
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| Dividends reinvested/share: |
$14.63 |
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| Total return: |
159.14% |
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| Average Annual Total Return: |
9.99% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$25,913.85 |
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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: |
06/11/2013 |
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| End date: |
06/09/2023 |
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| Start price/share: |
$76.52 |
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| End price/share: |
$171.72 |
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| Dividends collected/share: |
$14.63 |
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| Total return: |
143.53% |
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| Average Annual Total Return: |
9.31% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$24,355.61 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 02/11/1983 | 4 for 3
| | 08/11/1983 | 3 for 2
| | 05/11/1987 | 2 for 1
| | 05/11/2000 | 3 for 1
| | 05/31/1994 | 10000 for 8825 | | 10/03/2005 | 10000 for 8753 |
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