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Danaos (DAC) has 1 split in our DAC split history database. The split for DAC took place on May 02, 2019. This was a 1 for 14 reverse split, meaning for each 14 shares of DAC owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 71.4285714285714 share position following the split.
When a company such as Danaos 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 DAC split history from start to finish, an original position size of 1000 shares would have turned into 71.4285714285714 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Danaos shares, starting with a $10,000 purchase of DAC, presented on a split-history-adjusted basis factoring in the complete DAC split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-5.23%|
|Danaos is an international owner of containerships, chartering its vessels to liner companies. Co. is in the business of providing international seaborne transportation services by operating vessels in the containership sector of the shipping industry. According to our DAC split history records, Danaos has had 1 split.|
|DAC Split History Table|
|05/02/2019||1 for 14|
|Industrials Stock Splits|
|DAC is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: DAC shares outstanding history