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ODP (ODP) has 5 splits in our ODP split history database. The first split for ODP took place on May 26, 1992. This was a 2 for 1 split, meaning for each share of ODP 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. ODP's second split took place on June 07, 1993. This was a 3 for 2 split, meaning for each 2 shares of ODP owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 3000 share position following the split. ODP's third split took place on June 20, 1994. This was a 3 for 2 split, meaning for each 2 shares of ODP owned pre-split, the shareholder now owned 3 shares. For example, a 3000 share position pre-split, became a 4500 share position following the split. ODP's 4th split took place on April 05, 1999. This was a 3 for 2 split, meaning for each 2 shares of ODP owned pre-split, the shareholder now owned 3 shares. For example, a 4500 share position pre-split, became a 6750 share position following the split. ODP's 5th split took place on July 01, 2020. This was a 1 for 10 reverse split, meaning for each 10 shares of ODP owned pre-split, the shareholder now owned 1 share. For example, a 6750 share position pre-split, became a 675 share position following the split.
When a company such as ODP 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 ODP 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 ODP split history from start to finish, an original position size of 1000 shares would have turned into 675 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ODP shares, starting with a $10,000 purchase of ODP, presented on a split-history-adjusted basis factoring in the complete ODP split history.
Growth of $10,000.00 With Dividends Reinvested |
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Start date: | 04/22/2014 | ||
End date: | 04/18/2024 | ||
Start price/share: | $42.00 | ||
End price/share: | $49.38 | ||
Starting shares: | 238.10 | ||
Ending shares: | 271.22 | ||
Dividends reinvested/share: | $3.75 | ||
Total return: | 33.93% | ||
Average Annual Total Return: | 2.97% | ||
Starting investment: | $10,000.00 | ||
Ending investment: | $13,399.00 | ||
Years: | 10.00 | ||
Growth of $10,000.00 Without Dividends Reinvested |
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Start date: | 04/22/2014 | ||
End date: | 04/18/2024 | ||
Start price/share: | $42.00 | ||
End price/share: | $49.38 | ||
Dividends collected/share: | $3.75 | ||
Total return: | 26.50% | ||
Average Annual Total Return: | 2.38% | ||
Starting investment: | $10,000.00 | ||
Ending investment: | $12,650.95 | ||
Years: | 10.00 |
About ODP |
The ODP is a holding company. Through its subsidiaries, Co. maintains a business-to-business distribution platform of sales and technology service personnel, online presence and retail stores. Co.'s segments are: Business Solutions Division, which provides its business customers with nationally branded and private branded office supply products and services, as well as adjacency products and services in the U.S., Puerto Rico, the U.S. Virgin Islands, and Canada through a sales force, catalogs, telesales, and its Internet websites; and Retail Division, which markets an assortment of merchandise through its chain of retail stores throughout the U.S., Puerto Rico and the U.S. Virgin Islands. According to our ODP split history records, ODP has had 5 splits. |
ODP Split History Table | |
Date | Ratio |
05/26/1992 | 2 for 1 |
06/07/1993 | 3 for 2 |
06/20/1994 | 3 for 2 |
04/05/1999 | 3 for 2 |
07/01/2020 | 1 for 10 |
Services Stock Splits |
ODP is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:
OMC Split History Also explore: ODP shares outstanding history
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