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New Jersey Resources (NJR) has 3 splits in our NJR split history database. The first split for NJR took place on March 04, 2002. This was a 3 for 2 split, meaning for each 2 shares of NJR 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. NJR's second split took place on March 04, 2008. This was a 3 for 2 split, meaning for each 2 shares of NJR owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. NJR's third split took place on March 04, 2015. This was a 2 for 1 split, meaning for each share of NJR owned pre-split, the shareholder now owned 2 shares. For example, a 2250 share position pre-split, became a 4500 share position following the split.
When a company such as New Jersey Resources 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 NJR split history from start to finish, an original position size of 1000 shares would have turned into 4500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into New Jersey Resources shares, starting with a $10,000 purchase of NJR, presented on a split-history-adjusted basis factoring in the complete NJR split history.
Growth of $10,000.00 With Dividends Reinvested |
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Start date: | 12/16/2014 | ||
End date: | 12/13/2024 | ||
Start price/share: | $29.19 | ||
End price/share: | $47.55 | ||
Starting shares: | 342.58 | ||
Ending shares: | 473.17 | ||
Dividends reinvested/share: | $12.87 | ||
Total return: | 124.99% | ||
Average Annual Total Return: | 8.45% | ||
Starting investment: | $10,000.00 | ||
Ending investment: | $22,505.86 | ||
Years: | 10.00 | ||
Growth of $10,000.00 Without Dividends Reinvested |
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Start date: | 12/16/2014 | ||
End date: | 12/13/2024 | ||
Start price/share: | $29.19 | ||
End price/share: | $47.55 | ||
Dividends collected/share: | $12.87 | ||
Total return: | 106.99% | ||
Average Annual Total Return: | 7.55% | ||
Starting investment: | $10,000.00 | ||
Ending investment: | $20,706.38 | ||
Years: | 10.00 |
About New Jersey Resources |
New Jersey Resources Corporation is a diversified energy services holding company. Its business is to distribution of natural gas through a regulated utility, investing in and operating clean energy projects and natural gas storage and transportation assets, and providing other retail and wholesale energy services to customers. Its segments include Natural Gas Distribution, Energy Services, Clean Energy Ventures and Storage and Transportation. The Natural Gas Distribution segment consists of regulated natural gas services, off-system sales, capacity, and storage management operations. According to our NJR split history records, New Jersey Resources has had 3 splits. |
NJR Split History Table | |
Date | Ratio |
03/04/2002 | 3 for 2 |
03/04/2008 | 3 for 2 |
03/04/2015 | 2 for 1 |
Utilities Stock Splits |
NJR is categorized under the Utilities sector; below are some other companies in the same sector that also have a history of stock splits:
NRG Split History Also explore: NJR shares outstanding history
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