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DDE (DDE) has 1 split in our DDE split history database. The split for DDE took place on June 16, 2006. This was a 3 for 2 split, meaning for each 2 shares of DDE 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.
When a company such as DDE 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 DDE split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into DDE shares, starting with a $10,000 purchase of DDE, presented on a split-history-adjusted basis factoring in the complete DDE split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||-2.44%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-2.39%|
|Dover Downs Gaming & Entertainment is a holding company. Through its subsidiaries, Co. is a gaming and entertainment resort destination. Co.'s operations consist of: Dover Downs Casino, a casino complex featuring table games, a poker room, a Race and Sports Book operation, the Dover Downs' Fire and Ice Lounge, the Festival Buffet, Frankie's Italian restaurant, and several bars, restaurants and retail outlets; Dover Downs Hotel and Conference Center, a hotel with a restaurant, spa/salon, conference, banquet, ballroom and concert hall facilities; and Dover Downs Raceway, a harness racing track with pari-mutuel wagering on live and simulcast horse races. According to our DDE split history records, DDE has had 1 split.|
|DDE Split History Table|
|06/16/2006||3 for 2|
|Services Stock Splits|
|DDE 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: DDE shares outstanding history