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 Video: What is a Stock Split?
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| Quest Diagnostics provides diagnostic information services. Co. is made up of two businesses: Diagnostic Information Services, which develops and delivers diagnostic information services, providing insights that allow and enable a range of customers, including patients, clinicians, hospitals, independent delivery networks (including hospital health systems), health plans, employers, accountable care organizations and direct contract entities; and Diagnostic Solutions, which includes Co.'s risk assessment services business, which provides solutions for insurers, and Co.'s healthcare information technology businesses, which provides solutions for healthcare providers. According to our Quest Diagnostics stock split history records, Quest Diagnostics has had 2 splits. | |
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Quest Diagnostics (DGX) has 2 splits in our Quest Diagnostics stock split history database. The first split for DGX took place on June 01, 2001. This was a 2 for 1 split, meaning for each share of DGX 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. DGX's second split took place on June 21, 2005. This was a 2 for 1 split, meaning for each share of DGX 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.
When a company such as Quest Diagnostics 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 Quest Diagnostics stock split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Quest Diagnostics shares, starting with a $10,000 purchase of DGX, presented on a split-history-adjusted basis factoring in the complete Quest Diagnostics stock split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
08/21/2012 |
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| End date: |
08/18/2022 |
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| Start price/share: |
$60.60 |
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| End price/share: |
$135.96 |
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| Starting shares: |
165.02 |
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| Ending shares: |
201.72 |
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| Dividends reinvested/share: |
$18.15 |
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| Total return: |
174.26% |
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| Average Annual Total Return: |
10.62% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$27,429.41 |
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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: |
08/21/2012 |
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| End date: |
08/18/2022 |
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| Start price/share: |
$60.60 |
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| End price/share: |
$135.96 |
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| Dividends collected/share: |
$18.15 |
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| Total return: |
154.31% |
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| Average Annual Total Return: |
9.79% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$25,439.98 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/01/2001 | 2 for 1 | | 06/21/2005 | 2 for 1 |
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