Split History
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Open Text (OTEX) has 3 splits in our OTEX split history database. The first split for OTEX took place on October 29, 2003. This was a 2 for 1 split, meaning for each share of OTEX 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. OTEX's second split took place on February 19, 2014. This was a 2 for 1 split, meaning for each share of OTEX owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. OTEX's third split took place on January 25, 2017. This was a 2 for 1 split, meaning for each share of OTEX owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split.
When a company such as Open Text 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 OTEX split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Open Text shares, starting with a $10,000 purchase of OTEX, presented on a split-history-adjusted basis factoring in the complete OTEX split history.
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Growth of $10,000.00 With Dividends Reinvested |
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| Start date: | 04/25/2014 | ||
| End date: | 04/23/2024 | ||
| Start price/share: | $24.52 | ||
| End price/share: | $36.09 | ||
| Starting shares: | 407.83 | ||
| Ending shares: | 489.70 | ||
| Dividends reinvested/share: | $6.60 | ||
| Total return: | 76.73% | ||
| Average Annual Total Return: | 5.86% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $17,676.11 | ||
| Years: | 10.00 | ||
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/25/2014 | ||
| End date: | 04/23/2024 | ||
| Start price/share: | $24.52 | ||
| End price/share: | $36.09 | ||
| Dividends collected/share: | $6.60 | ||
| Total return: | 74.11% | ||
| Average Annual Total Return: | 5.70% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $17,410.68 | ||
| Years: | 10.00 | ||
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| About Open Text |
| Open Text is engaged in providing Information Management software solutions. Co.'s Information Management solutions manage the creation, capture, use, analysis and lifecycle of structured and unstructured data. Co.'s business clouds include: Content Cloud, Cybersecurity Cloud, Application Automation Cloud, Business Network Cloud, Information Technology Operations Management Cloud and Analytics and Artificial Intelligence Cloud. Co. provides a range of customer solutions including advisory, implementation, migration, operation and support services for its Information Management solutions to meet the needs of its customers. According to our OTEX split history records, Open Text has had 3 splits. |
| OTEX Split History Table | |
| Date | Ratio |
| 10/29/2003 | 2 for 1 |
| 02/19/2014 | 2 for 1 |
| 01/25/2017 | 2 for 1 |
| Technology Stock Splits |
| OTEX is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:
OVRL Split History Also explore: OTEX shares outstanding history
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