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Video: What is a Stock Split?
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St. Jude Medical, together with its subsidiaries, develops, manufactures and distributes cardiovascular medical devices for the cardiac rhythm management, cardiovascular and atrial fibrillation therapy areas, and interventional pain therapy and neurostimulation devices for the management of chronic pain and movement disorders. Co.'s seven principal product categories are as follows: tachycardia implantable cardioverter defibrillator systems, atrial fibrillation products, pacemaker systems, vascular products, structural heart products, neuromodulation products, and thoratec products. The principal geographic markets for Co.'s products are the U.S., Europe and Japan. According to our STJ split history records, STJ has had 4 splits. | |
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STJ (STJ) has 4 splits in our STJ split history database. The first split for STJ took place on May 01, 1990. This was a 2 for 1
split, meaning for each share of STJ 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. STJ's second split took place on November 17, 1995. This was a 3 for 2
split, meaning for each 2
shares of STJ owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 3000 share position following the split. STJ's third split took place on July 01, 2002. This was a 2 for 1 split, meaning for each share of STJ owned pre-split, the shareholder now owned 2 shares. For example, a 3000 share position pre-split, became a 6000 share position following the split. STJ's 4th split took place on November 23, 2004. This was a 2 for 1 split, meaning for each share of STJ 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 STJ 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 STJ 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 STJ shares, starting with a $10,000 purchase of STJ, presented on a split-history-adjusted basis factoring in the complete STJ 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: |
01/04/2017 |
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Start price/share: |
$66.63 |
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End price/share: |
$80.82 |
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Starting shares: |
150.08 |
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Ending shares: |
156.73 |
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Dividends reinvested/share: |
$2.90 |
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Total return: |
26.67% |
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Average Annual Total Return: |
8.93% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$12,667.47 |
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Years: |
2.76 |
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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: |
01/04/2017 |
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Start price/share: |
$66.63 |
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End price/share: |
$80.82 |
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Dividends collected/share: |
$2.90 |
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Total return: |
25.65% |
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Average Annual Total Return: |
8.61% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$12,564.87 |
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Years: |
2.76 |
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Date |
Ratio |
05/01/1990 | 2 for 1
| 11/17/1995 | 3 for 2
| 07/01/2002 | 2 for 1 | 11/23/2004 | 2 for 1 |
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