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 Video: What is a Stock Split?
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| Calpine is a power generation company that owns and operates natural gas-fired and geothermal power plants in North America and has a presence in wholesale power markets in California, Texas and the Northeast and Mid-Atlantic regions. Co. sells wholesale power, steam, capacity, renewable energy credits and ancillary services to its customers, which include utilities, independent electric system operators, industrial and agricultural companies, retail power providers, municipalities, power marketers as well as retail commercial, industrial, governmental and residential customers. As of Dec 31 2016, Co. served customers in 25 states in the U.S. and in Canada and Mexico. According to our CPN split history records, CPN has had 3 splits. | |
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CPN (CPN) has 3 splits in our CPN split history database. The first split for CPN took place on October 08, 1999. This was a 2 for 1
split, meaning for each share of CPN 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. CPN's second split took place on June 09, 2000. This was a 2 for 1
split, meaning for each share of CPN 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. CPN's third split took place on November 15, 2000. This was a 2 for 1 split, meaning for each share of CPN 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 CPN 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 CPN 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 CPN shares, starting with a $10,000 purchase of CPN, presented on a split-history-adjusted basis factoring in the complete CPN split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
03/08/2018 |
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| Start price/share: |
$22.26 |
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| End price/share: |
$15.25 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-31.49% |
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| Average Annual Total Return: |
-9.29% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$6,850.55 |
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| Years: |
3.88 |
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| Date |
Ratio |
| 10/08/1999 | 2 for 1
| | 06/09/2000 | 2 for 1
| | 11/15/2000 | 2 for 1 |
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