|Free Dividend Report|
|ESEA Dividend History|
|ESEA Stock Split History|
|Preferred Stock Newsletter|
|ESEA Options Chain|
|ESEA Message Board|
Euroseas (ESEA) has 2 splits in our ESEA split history database. The first split for ESEA took place on July 23, 2015. This was a 1 for 10 reverse split, meaning for each 10 shares of ESEA owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split. ESEA's second split took place on December 19, 2019. This was a 1 for 8 reverse split, meaning for each 8 shares of ESEA owned pre-split, the shareholder now owned 1 share. For example, a 100 share position pre-split, became a 12.5 share position following the split.
When a company such as Euroseas 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 ESEA split history from start to finish, an original position size of 1000 shares would have turned into 12.5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Euroseas shares, starting with a $10,000 purchase of ESEA, presented on a split-history-adjusted basis factoring in the complete ESEA split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||-21.86%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-17.62%|
|Euroseas is a holding company. Through its subsidiaries, Co. is a provider of worldwide ocean-going transportation services. Co.'s containerships transport dry and refrigerated containerized cargoes, mainly including manufactured products and perishables. Co.'s fleet consists of containerships that transport container boxes providing scheduled service between ports. The operations of Co.'s vessels are managed by Eurobulk Ltd., an affiliated company. According to our ESEA split history records, Euroseas has had 2 splits.|
|ESEA Split History Table|
|07/23/2015||1 for 10|
|12/19/2019||1 for 8|
|Industrials Stock Splits|
|ESEA 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: ESEA shares outstanding history