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FTN (FTN) has 3 splits in our FTN split history database. The first split for FTN took place on May 26, 1992. This was a 3 for 2 split, meaning for each 2 shares of FTN 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. FTN's second split took place on February 20, 1996. This was a 2 for 1 split, meaning for each share of FTN owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split. FTN's third split took place on February 23, 1998. This was a 2 for 1 split, meaning for each share of FTN owned pre-split, the shareholder now owned 2 shares. For example, a 3000 share position pre-split, became a 6000 share position following the split.
When a company such as FTN 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 FTN split history from start to finish, an original position size of 1000 shares would have turned into 6000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into FTN shares, starting with a $10,000 purchase of FTN, presented on a split-history-adjusted basis factoring in the complete FTN split history.
FTN -- use the split history when considering split-adjusted past price performance.
|Through its principal subsidiary First Tennessee Bank National Association and its other banking and banking-related subsidiaries the Company provides a broad range of financial services. According to our FTN split history records, FTN has had 3 splits.|
|FTN Split History Table|
|05/26/1992||3 for 2|
|02/20/1996||2 for 1|
|02/23/1998||2 for 1|
|Financials Stock Splits|
|FTN is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:|