 |
 Video: What is a Stock Split?
|
|
|
| CVS Health is a health solutions company. Co.'s segments include:Health Care Benefits, which provides voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, and dental and behavioral health plans; Pharmacy Services, which provides pharmacy benefit management solutions, including plan design offerings and administration, formulary management, and retail pharmacy network management services; and Retail/Long-Term Care (LTC), which sells prescription drugs and various health and wellness products and general merchandise, provides health care services through its MinuteClinic® walk-in medical clinics and conducts LTC pharmacy operations. According to our CVS Health stock split history records, CVS Health has had 3 splits. | |
|
CVS Health (CVS) has 3 splits in our CVS Health stock split history database. The first split for CVS took place on March 15, 1989. This was a 2 for 1
split, meaning for each share of CVS 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. CVS's second split took place on June 16, 1998. This was a 2 for 1
split, meaning for each share of CVS 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. CVS's third split took place on June 07, 2005. This was a 2 for 1 split, meaning for each share of CVS owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split.
When a company such as CVS Health 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 CVS Health stock split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CVS Health shares, starting with a $10,000 purchase of CVS, presented on a split-history-adjusted basis factoring in the complete CVS Health stock split history.
Growth of $10,000.00
With Dividends Reinvested
|
| Start date: |
05/29/2013 |
|
| End date: |
05/26/2023 |
|
| Start price/share: |
$59.24 |
|
| End price/share: |
$67.64 |
|
| Starting shares: |
168.80 |
|
| Ending shares: |
213.49 |
|
| Dividends reinvested/share: |
$18.06 |
|
| Total return: |
44.40% |
|
| Average Annual Total Return: |
3.74% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$14,435.07 |
|
| Years: |
10.00 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
05/29/2013 |
|
| End date: |
05/26/2023 |
|
| Start price/share: |
$59.24 |
|
| End price/share: |
$67.64 |
|
| Dividends collected/share: |
$18.06 |
|
| Total return: |
44.67% |
|
| Average Annual Total Return: |
3.76% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$14,462.91 |
|
| Years: |
10.00 |
|
|
|
| Date |
Ratio |
| 03/15/1989 | 2 for 1
| | 06/16/1998 | 2 for 1
| | 06/07/2005 | 2 for 1 |
|
|
Free CVS Email Alerts:
