Split History
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Churchill Downs (CHDN) has 3 splits in our CHDN split history database. The first split for CHDN took place on April 15, 1998. This was a 2 for 1 split, meaning for each share of CHDN 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. CHDN's second split took place on January 28, 2019. This was a 3 for 1 split, meaning for each share of CHDN owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 6000 share position following the split. CHDN's third split took place on May 22, 2023. This was a 2 for 1 split, meaning for each share of CHDN 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 Churchill Downs 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 CHDN 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 Churchill Downs shares, starting with a $10,000 purchase of CHDN, presented on a split-history-adjusted basis factoring in the complete CHDN 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: | $13.51 | ||
| End price/share: | $139.51 | ||
| Starting shares: | 740.19 | ||
| Ending shares: | 788.46 | ||
| Dividends reinvested/share: | $2.54 | ||
| Total return: | 999.97% | ||
| Average Annual Total Return: | 27.11% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $109,957.88 | ||
| 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: | $13.51 | ||
| End price/share: | $139.51 | ||
| Dividends collected/share: | $2.54 | ||
| Total return: | 951.45% | ||
| Average Annual Total Return: | 26.54% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $105,127.94 | ||
| Years: | 9.99 | ||
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| About Churchill Downs |
| Churchill Downs is a racing, online wagering and gaming entertainment company. Co. owns and operates three pari-mutuel gaming entertainment venues with historical racing machines in Kentucky. Co. manages its operations via three segments: Live and Historical Racing, which includes live and historical pari-mutuel racing related revenue and expenses at Churchill Downs Racetrack, Derby City Gaming, Oak Grove, Turfway Park, and Newport; TwinSpires, which includes online horse racing and the online and retail sports betting and iGaming wagering business; and Gaming, which includes casino properties and associated racetrack or jai alai facilities which support the casino license as applicable. According to our CHDN split history records, Churchill Downs has had 3 splits. |
| CHDN Split History Table | |
| Date | Ratio |
| 04/15/1998 | 2 for 1 |
| 01/28/2019 | 3 for 1 |
| 05/22/2023 | 2 for 1 |
| Services Stock Splits |
| CHDN is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:
CHH Split History Also explore: CHDN shares outstanding history
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