 |
 Video: What is a Stock Split?
|
|
|
| State Street is a financial holding company. Through its subsidiaries, Co. provides a range of financial products and services to institutional investors. Co.'s Investment Servicing line of business performs custody and related functions, such as providing institutional investors with clearing, settlement and payment services. Co.'s Investment Management line of business, through State Street Global Advisors, provides a range of investment management strategies and products for its clients. In addition, Co. provides a range of services and solutions, including environmental, social and governance investing, defined benefit and defined contribution and Global Fiduciary Solutions. According to our State Street stock split history records, State Street has had 4 splits. | |
|
State Street (STT) has 4 splits in our State Street stock split history database. The first split for STT took place on August 06, 1986. This was a 2 for 1
split, meaning for each share of STT 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. STT's second split took place on May 14, 1992. This was a 2 for 1
split, meaning for each share of STT 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. STT's third split took place on May 29, 1997. This was a 2 for 1
split, meaning for each share of STT 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. STT's 4th split took place on May 31, 2001. This was a 2 for 1 split, meaning for each share of STT owned pre-split, the shareholder now owned 2 shares. For example, a 8000 share position pre-split, became a 16000 share position following the split.
When a company such as State Street 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 State Street stock split history from start to finish, an original position size of 1000 shares would have turned into 16000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into State Street shares, starting with a $10,000 purchase of STT, presented on a split-history-adjusted basis factoring in the complete State Street stock split history.
Growth of $10,000.00
With Dividends Reinvested
|
| Start date: |
05/29/2013 |
|
| End date: |
05/26/2023 |
|
| Start price/share: |
$66.85 |
|
| End price/share: |
$68.47 |
|
| Starting shares: |
149.59 |
|
| Ending shares: |
189.57 |
|
| Dividends reinvested/share: |
$17.09 |
|
| Total return: |
29.80% |
|
| Average Annual Total Return: |
2.64% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$12,975.84 |
|
| Years: |
10.00 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
05/29/2013 |
|
| End date: |
05/26/2023 |
|
| Start price/share: |
$66.85 |
|
| End price/share: |
$68.47 |
|
| Dividends collected/share: |
$17.09 |
|
| Total return: |
27.99% |
|
| Average Annual Total Return: |
2.50% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$12,799.98 |
|
| Years: |
10.00 |
|
|
|
| Date |
Ratio |
| 08/06/1986 | 2 for 1
| | 05/14/1992 | 2 for 1
| | 05/29/1997 | 2 for 1
| | 05/31/2001 | 2 for 1 |
|
|
Free STT Email Alerts:
