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Shenandoah Telecommunications (SHEN) has 3 splits in our SHEN split history database. The first split for SHEN took place on February 23, 2004. This was a 2 for 1 split, meaning for each share of SHEN 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. SHEN's second split took place on August 20, 2007. This was a 3 for 1 split, meaning for each share of SHEN owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 6000 share position following the split. SHEN's third split took place on January 05, 2016. This was a 2 for 1 split, meaning for each share of SHEN owned pre-split, the shareholder now owned 2 shares. For example, a 6000 share position pre-split, became a 12000 share position following the split.
When a company such as Shenandoah Telecommunications 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 SHEN split history from start to finish, an original position size of 1000 shares would have turned into 12000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Shenandoah Telecommunications shares, starting with a $10,000 purchase of SHEN, presented on a split-history-adjusted basis factoring in the complete SHEN split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||19.36%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||18.25%|
|About Shenandoah Telecommunications|
|Shenandoah Telecommunications is a provider of a range of wireless and broadband communications products and services in the Mid-Atlantic portion of the United States. Co.'s reportable segments include: Wireless, which provides wireless network services to Sprint Corporation through its affiliate agreement in the Mid-Atlantic region; Broadband, which provides broadband, video and voice services to residential and commercial customers in portions of Virginia, West Virginia, Maryland, and Kentucky, via fiber optic and hybrid fiber coaxial cable; and Tower, which leases space on owned cell towers to Co.'s Wireless segment and to other wireless communications providers. According to our SHEN split history records, Shenandoah Telecommunications has had 3 splits.|
|SHEN Split History Table|
|02/23/2004||2 for 1|
|08/20/2007||3 for 1|
|01/05/2016||2 for 1|
|Technology Stock Splits|
|SHEN is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: SHEN shares outstanding history