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ROIA (ROIA) has 1 split in our ROIA split history database. The split for ROIA took place on June 07, 2000. This was a 3 for 1 split, meaning for each share of ROIA owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split.
When a company such as ROIA 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 ROIA split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ROIA shares, starting with a $10,000 purchase of ROIA, presented on a split-history-adjusted basis factoring in the complete ROIA split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-3.60%|
|Radio One is an urban-oriented, multi-media company that primarily targets African-American and urban consumers. Co.'s principal business is its radio broadcasting franchise. As of Dec 31 2015, Co. owned and/or operated 56 broadcast stations located in 16 urban markets in the U.S. Co. has four segments: radio broadcasting, which consists of broadcast operations; Reach Media, comprising Co.'s 80.0% ownership interest in Reach Media that operates the Tom Joyner Morning Show and other syndicated programming assets; internet, which includes Co.'s online business, as well as websites from its business divisions and cable television, which consists of Co.'s 52.1% ownership interest in TV One. According to our ROIA split history records, ROIA has had 1 split.|
|ROIA Split History Table|
|06/07/2000||3 for 1|
|Services Stock Splits|
|ROIA is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:|