Split History
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IDT (IDT) has 3 splits in our IDT split history database. The first split for IDT took place on June 01, 2001. This was a 2 for 1 split, meaning for each share of IDT 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. IDT's second split took place on February 25, 2009. This was a 1 for 3 reverse split, meaning for each 3 shares of IDT owned pre-split, the shareholder now owned 1 share. For example, a 2000 share position pre-split, became a 666.666666666667 share position following the split. IDT's third split took place on August 01, 2013. This was a 1183 for 1000 split, meaning for each 1000 shares of IDT owned pre-split, the shareholder now owned 1183 shares. For example, a 666.666666666667 share position pre-split, became a 788.666666666667 share position following the split.
When a company such as IDT 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. When a company such as IDT 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 IDT split history from start to finish, an original position size of 1000 shares would have turned into 788.666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into IDT shares, starting with a $10,000 purchase of IDT, presented on a split-history-adjusted basis factoring in the complete IDT split history.
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Growth of $10,000.00 With Dividends Reinvested |
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| Start date: | 04/29/2014 | ||
| End date: | 04/25/2024 | ||
| Start price/share: | $15.89 | ||
| End price/share: | $36.31 | ||
| Starting shares: | 629.33 | ||
| Ending shares: | 830.30 | ||
| Dividends reinvested/share: | $4.32 | ||
| Total return: | 201.48% | ||
| Average Annual Total Return: | 11.67% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $30,146.29 | ||
| Years: | 10.00 | ||
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/29/2014 | ||
| End date: | 04/25/2024 | ||
| Start price/share: | $15.89 | ||
| End price/share: | $36.31 | ||
| Dividends collected/share: | $4.32 | ||
| Total return: | 155.70% | ||
| Average Annual Total Return: | 9.85% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $25,579.31 | ||
| Years: | 10.00 | ||
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| About IDT |
| IDT is a provider of point-of-sale (POS) terminal-based solutions, international money remittance and other financial technology, or fintech businesses, cloud communications, and communications services. Co.'s segments are: National Retail Solutions, which is an operator of a nationwide POS network; Fintech, which is comprised of BOSS Money, a provider of international money remittance and related value/payment transfer services, as well as other, significantly smaller, financial services businesses; net2phone, which is comprised of net2phone's cloud communications and contact center offerings; and Traditional Communications, which includes IDT Digital Payments and BOSS Revolution Calling. According to our IDT split history records, IDT has had 3 splits. |
| IDT Split History Table | |
| Date | Ratio |
| 06/01/2001 | 2 for 1 |
| 02/25/2009 | 1 for 3 |
| 08/01/2013 | 1183 for 1000 |
| Technology Stock Splits |
| IDT is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:
IDTI Split History Also explore: IDT shares outstanding history
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