Split History
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DRL (DRL) has 3 splits in our DRL split history database. The first split for DRL took place on December 12, 2003. This was a 3 for 2 split, meaning for each 2 shares of DRL 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. DRL's second split took place on August 20, 2007. This was a 1 for 20 reverse split, meaning for each 20 shares of DRL owned pre-split, the shareholder now owned 1 share. For example, a 1500 share position pre-split, became a 75 share position following the split. DRL's third split took place on July 01, 2013. This was a 1 for 20 reverse split, meaning for each 20 shares of DRL owned pre-split, the shareholder now owned 1 share. For example, a 75 share position pre-split, became a 3.75 share position following the split.
When a company such as DRL 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. When a company such as DRL 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 DRL split history from start to finish, an original position size of 1000 shares would have turned into 3.75 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into DRL shares, starting with a $10,000 purchase of DRL, presented on a split-history-adjusted basis factoring in the complete DRL split history.
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/22/2014 | |
| End date: | 02/27/2015 | |
| Start price/share: | $9.68 | |
| End price/share: | $0.72 | |
| Dividends collected/share: | $0.00 | |
| Total return: | -92.56% | |
| Annualized Gain: | -108.63% | |
| Starting investment: | $10,000.00 | |
| Ending investment: | $744.00 | |
| Years: | 0.85 | |
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| About DRL |
| Doral Financial is a bank holding company. Co. has four segments: Puerto Rico Growth, which includes all mortgage and retail banking activities in Puerto Rico; U.S., which includes commercial and retail banking in the U.S. and also Co.'s middle market syndicated lending unit; Recovery, which includes selected Puerto Rico domiciled performing and non-performing consumer, commercial real estate, commercial and industrial and construction and land loan portfolios, as well as certain repossessed assets; and Treasury, which handles Co.'s investment portfolio, interest rate risk management and liquidity position. At Dec 31 2013, Co. had total assets of $8.49 billion and deposits of $5.00 billion. According to our DRL split history records, DRL has had 3 splits. |
| DRL Split History Table | |
| Date | Ratio |
| 12/12/2003 | 3 for 2 |
| 08/20/2007 | 1 for 20 |
| 07/01/2013 | 1 for 20 |
| Financials Stock Splits |
| DRL is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
DRN Split History
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