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|NAT Stock Split History|
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Nordic American Tankers (NAT) has 2 splits in our NAT split history database. The first split for NAT took place on July 23, 2014. This was a 1014 for 1000 split, meaning for each 1000 shares of NAT owned pre-split, the shareholder now owned 1014 shares. For example, a 1000 share position pre-split, became a 1014 share position following the split. NAT's second split took place on August 10, 2017. This was a 1008 for 1000 split, meaning for each 1000 shares of NAT owned pre-split, the shareholder now owned 1008 shares. For example, a 1014 share position pre-split, became a 1022.112 share position following the split.
When a company such as Nordic American Tankers 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 NAT split history from start to finish, an original position size of 1000 shares would have turned into 1022.112 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Nordic American Tankers shares, starting with a $10,000 purchase of NAT, presented on a split-history-adjusted basis factoring in the complete NAT split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||-10.59%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-7.75%|
|About Nordic American Tankers|
|Nordic American Tankers is an international tanker company focused on acquiring and chartering three double-hull Suezmax tankers. According to our NAT split history records, Nordic American Tankers has had 2 splits.|
|NAT Split History Table|
|07/23/2014||1014 for 1000|
|08/10/2017||1008 for 1000|
|Energy Stock Splits|
|NAT is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: NAT shares outstanding history