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Evertec (EVTC) has 1 split in our EVTC split history database. The split for EVTC took place on May 05, 2008. This was a 10000 for 5271 split, meaning for each 5271 shares of EVTC owned pre-split, the shareholder now owned 10000 shares. For example, a 1000 share position pre-split, became a 1897.17321191425 share position following the split.
When a company such as Evertec 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 EVTC split history from start to finish, an original position size of 1000 shares would have turned into 1897.17321191425 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Evertec shares, starting with a $10,000 purchase of EVTC, presented on a split-history-adjusted basis factoring in the complete EVTC split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||9.30%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||8.59%|
|Evertec is a transaction processing business in Latin America and the Caribbean. Co. manages a system of electronic payment networks that process transactions, and provides a suite of services for bank processing, cash processing and technology outsourcing. Co. owns and operates the ATH network, a personal identification number debit network in Latin America. Co. has four segments: Merchant Acquiring, which provides services to accept electronic methods of payment; Payment Services - Puerto Rico & Caribbean and Payment Services - Latin America, in which Co. is a card processor and card network service provider; and Business Solutions, which provides business process management solutions. According to our EVTC split history records, Evertec has had 1 split.|
|EVTC Split History Table|
|05/05/2008||10000 for 5271|