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Dover Motorsports (DVD) has 1 split in our DVD split history database. The split for DVD took place on September 16, 1998. This was a 2 for 1 split, meaning for each share of DVD 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 Dover Motorsports 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 DVD 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 Dover Motorsports shares, starting with a $10,000 purchase of DVD, presented on a split-history-adjusted basis factoring in the complete DVD split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||0.12%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||0.77%|
|About Dover Motorsports|
|Dover Motorsports is a holding company. Co. is engaged as a marketer and promoter of motorsports entertainment. Through its subsidiaries, Co. owns and operates Dover International Speedway® in Dover, DE and Nashville Superspeedway® near Nashville, TN. Co. is engaged in the following sources: television and radio broadcasts of its events; ticket sales; sponsorship payments; suite rentals; hospitality tent rentals and catering; concessions and vendor commissions for the right to sell concessions and souvenirs at its facilities; expo space rentals; and track and facility rentals and other event-related activities. According to our DVD split history records, Dover Motorsports has had 1 split.|
|DVD Split History Table|
|09/16/1998||2 for 1|
|Services Stock Splits|
|DVD 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: DVD shares outstanding history