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Drive Shack (DS) has 1 split in our DS split history database. The split for DS took place on February 29, 2000. This was a 2 for 1 split, meaning for each share of DS 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.
When a company such as Drive Shack 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 DS split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Drive Shack shares, starting with a $10,000 purchase of DS, presented on a split-history-adjusted basis factoring in the complete DS split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||-1.30%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||0.74%|
|About Drive Shack|
|Drive Shack is an owner and operator of golf-related leisure and social entertainment venues and courses. Co. conducts its business through two primary operating segments: Entertainment Golf Drive Shack and Traditional Golf American Golf. Co. provides leisure and social entertainment through its golf-related leisure and entertainment venues with gaming and golf technology, a chef-inspired menu, craft cocktails, and engaging social events throughout the year. American Golf is an operator of golf properties in the U.S. Co.'s operations are organized into three principal categories: public properties, private properties and managed properties. According to our DS split history records, Drive Shack has had 1 split.|
|DS Split History Table|
|02/29/2000||2 for 1|
|Services Stock Splits|
|DS 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: DS shares outstanding history