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Cincinnati Bell (CBB) has 1 split in our CBB split history database. The split for CBB took place on October 05, 2016. This was a 1 for 5 reverse split, meaning for each 5 shares of CBB owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as Cincinnati Bell conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the CBB split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Cincinnati Bell shares, starting with a $10,000 purchase of CBB, presented on a split-history-adjusted basis factoring in the complete CBB split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-1.72%|
|About Cincinnati Bell|
|Cincinnati Bell and its consolidated subsidiaries provides communications and Intellectual Technologies (IT) solutions. Co. operates two segments: Entertainment and Communications, which provides products and services such as internet, data transport, local voice, video and other services; and IT Services and Hardware, which provides a range of managed IT solutions, telephony and IT equipment sales, and IT staffing services, and by offering a range of Infrastructure Solutions in addition to Cloud, Communications and Consulting services, the IT Services and Hardware segment provides end-to-end IT solutions. According to our CBB split history records, Cincinnati Bell has had 1 split.|
|CBB Split History Table|
|10/05/2016||1 for 5|
|Technology Stock Splits|
|CBB is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: CBB shares outstanding history