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 Video: What is a Stock Split?
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| Intuit helps consumers and small businesses prosper by delivering financial management, compliance, and marketing products and services. Co.'s reportable segments include: Small Business and Self-Employed, which serves small businesses and the self-employed around the world, and the accounting personnel who assist and advise them; Consumer, which serves consumers and includes do-it-yourself and assisted TurboTax income tax preparation products and services sold in the U.S. and Canada; and Credit Karma, which serves consumers with a personal finance platform that provides personalized recommendations of credit card, home, auto and personal loan, and insurance products. According to our Intuit stock split history records, Intuit has had 3 splits. | |
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Intuit (INTU) has 3 splits in our Intuit stock split history database. The first split for INTU took place on August 22, 1995. This was a 2 for 1
split, meaning for each share of INTU 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. INTU's second split took place on October 01, 1999. This was a 3 for 1
split, meaning for each share of INTU owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 6000 share position following the split. INTU's third split took place on July 07, 2006. This was a 2 for 1 split, meaning for each share of INTU owned pre-split, the shareholder now owned 2 shares. For example, a 6000 share position pre-split, became a 12000 share position following the split.
When a company such as Intuit 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 Intuit stock split history from start to finish, an original position size of 1000 shares would have turned into 12000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Intuit shares, starting with a $10,000 purchase of INTU, presented on a split-history-adjusted basis factoring in the complete Intuit stock split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
05/29/2013 |
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| End date: |
05/26/2023 |
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| Start price/share: |
$59.25 |
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| End price/share: |
$418.43 |
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| Starting shares: |
168.78 |
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| Ending shares: |
184.53 |
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| Dividends reinvested/share: |
$17.47 |
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| Total return: |
672.13% |
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| Average Annual Total Return: |
22.69% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$77,241.08 |
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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: |
05/29/2013 |
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| End date: |
05/26/2023 |
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| Start price/share: |
$59.25 |
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| End price/share: |
$418.43 |
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| Dividends collected/share: |
$17.47 |
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| Total return: |
635.70% |
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| Average Annual Total Return: |
22.09% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$73,546.75 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 08/22/1995 | 2 for 1
| | 10/01/1999 | 3 for 1
| | 07/07/2006 | 2 for 1 |
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