|Free Dividend Report|
|CHDN Dividend History|
|CHDN Stock Split History|
|Preferred Stock Newsletter|
|CHDN Options Chain|
|Stock Message Boards|
Churchill Downs (CHDN) has 2 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.
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 6000 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.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||30.83%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||29.97%|
|About Churchill Downs|
|Churchill Downs is a racing, gaming and online entertainment company. Co. owns and operates a legal online horseracing wagering platform in the U.S., through its TwinSpires business. Co. manages its operations through five segments: Racing, which includes its four racetracks: Churchill Downs Racetrack, Arlington International Race Course, Fair Grounds Race Course and Calder Race Course; Online Wagering, which includes its TwinSpires business and its online sports betting and iGaming business; Casino, which provides brick-and-mortar casino gaming; Other Investments, which includes United Tote Company, Derby City Gaming and its other minor investments; and Corporate. According to our CHDN split history records, Churchill Downs has had 2 splits.|
|CHDN Split History Table|
|04/15/1998||2 for 1|
|01/28/2019||3 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:
Also explore: CHDN shares outstanding history