Split History
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Artesian Resources (ARTNA) has 2 splits in our ARTNA split history database. The first split for ARTNA took place on July 01, 2003. This was a 3 for 2 split, meaning for each 2 shares of ARTNA owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. ARTNA's second split took place on July 03, 2006. This was a 3 for 2 split, meaning for each 2 shares of ARTNA owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split.
When a company such as Artesian Resources 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 ARTNA split history from start to finish, an original position size of 1000 shares would have turned into 2250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Artesian Resources shares, starting with a $10,000 purchase of ARTNA, presented on a split-history-adjusted basis factoring in the complete ARTNA split history.
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Growth of $10,000.00 With Dividends Reinvested |
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| Start date: | 06/11/2013 | ||
| End date: | 06/07/2023 | ||
| Start price/share: | $21.89 | ||
| End price/share: | $50.36 | ||
| Starting shares: | 456.83 | ||
| Ending shares: | 612.01 | ||
| Dividends reinvested/share: | $9.61 | ||
| Total return: | 208.21% | ||
| Average Annual Total Return: | 11.92% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $30,818.32 | ||
| Years: | 9.99 | ||
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 06/11/2013 | ||
| End date: | 06/07/2023 | ||
| Start price/share: | $21.89 | ||
| End price/share: | $50.36 | ||
| Dividends collected/share: | $9.61 | ||
| Total return: | 173.96% | ||
| Average Annual Total Return: | 10.61% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $27,397.06 | ||
| Years: | 9.99 | ||
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| About Artesian Resources |
| Artesian Resources is a holding company. Through its wholly-owned subsidiaries, Co. provides water, wastewater and other services in Delaware, Maryland and Pennsylvania. Co. distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers in the states of Delaware, Maryland and Pennsylvania. Co. provides wastewater services to customers in Delaware. In addition, Co. provides contract water and wastewater operations, and water, sewer and internal Service Line Protection Plans. According to our ARTNA split history records, Artesian Resources has had 2 splits. |
| ARTNA Split History Table | |
| Date | Ratio |
| 07/01/2003 | 3 for 2 |
| 07/03/2006 | 3 for 2 |
| Utilities Stock Splits |
| ARTNA is categorized under the Utilities sector; below are some other companies in the same sector that also have a history of stock splits:
AT Split History
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