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Video: What is a Stock Split?
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Performance Shipping is a holding company. Through its subsidiaries, Co. owns and operates containerships and pursues containership acquisition opportunities. Each of Co.'s vessels is owned by a separate wholly-owned subsidiary. According to our DCIX stock split history records, DCIX has had 6 splits. | |
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DCIX (DCIX) has 6 splits in our DCIX stock split history database. The first split for DCIX took place on June 09, 2016. This was a 1 for 8 reverse split, meaning for each 8 shares of DCIX 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. DCIX's second split took place on July 05, 2017. This was a 1 for 7 reverse split, meaning for each 7 shares of DCIX owned pre-split, the shareholder now owned 1 share. For example, a 125 share position pre-split, became a 17.8571428571429 share position following the split. DCIX's third split took place on July 27, 2017. This was a 1 for 6 reverse split, meaning for each 6 shares of DCIX owned pre-split, the shareholder now owned 1 share. For example, a 17.8571428571429 share position pre-split, became a 2.97619047619048 share position following the split. DCIX's 4th split took place on September 25, 2017. This was a 1 for 3 reverse split, meaning for each 3 shares of DCIX owned pre-split, the shareholder now owned 1 share. For example, a 2.97619047619048 share position pre-split, became a 0.992063492063492 share position following the split. DCIX's 5th split took place on November 02, 2017. This was a 1 for 7 reverse split, meaning for each 7 shares of DCIX owned pre-split, the shareholder now owned 1 share. For example, a 0.992063492063492 share position pre-split, became a 0.14172335600907 share position following the split. DCIX's 6th split took place on August 24, 2017. This was a 1 for 7 reverse split, meaning for each 7 shares of DCIX owned pre-split, the shareholder now owned 1 share. For example, a 0.14172335600907 share position pre-split, became a 0.0202461937155815 share position following the split.
When a company such as DCIX 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 DCIX stock split history from start to finish, an original position size of 1000 shares would have turned into 0.0202461937155815 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into DCIX shares, starting with a $10,000 purchase of DCIX, presented on a split-history-adjusted basis factoring in the complete DCIX stock split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/01/2014 |
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End date: |
03/27/2020 |
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Start price/share: |
$189,665.28 |
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End price/share: |
$0.60 |
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Starting shares: |
0.05 |
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Ending shares: |
0.05 |
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Dividends reinvested/share: |
$3,655.01 |
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Total return: |
-100.00% |
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Average Annual Total Return: |
-87.85% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$0.03 |
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Years: |
5.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/01/2014 |
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End date: |
03/27/2020 |
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Start price/share: |
$189,665.28 |
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End price/share: |
$0.60 |
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Dividends collected/share: |
$3,655.01 |
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Total return: |
-98.07% |
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Average Annual Total Return: |
-48.27% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$192.67 |
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Years: |
5.99 |
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Date |
Ratio |
06/09/2016 | 1 for 8 | 07/05/2017 | 1 for 7 | 07/27/2017 | 1 for 6 | 09/25/2017 | 1 for 3 | 11/02/2017 | 1 for 7 | 08/24/2017 | 1 for 7 |
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