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SOV (SOV) has 1 split in our SOV split history database. The split for SOV took place on June 13, 2006. This was a 105 for 100 split, meaning for each 100 shares of SOV owned pre-split, the shareholder now owned 105 shares. For example, a 1000 share position pre-split, became a 1050 share position following the split.
When a company such as SOV 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 SOV split history from start to finish, an original position size of 1000 shares would have turned into 1050 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SOV shares, starting with a $10,000 purchase of SOV, presented on a split-history-adjusted basis factoring in the complete SOV split history.
SOV -- use the split history when considering split-adjusted past price performance.
|A holding Company for the Sovereign Bank is in the business of attracting deposits from its network of community banking offices and originating small business and other consumer loans in the communities served by those offices. According to our SOV split history records, SOV has had 1 split.|
|SOV Split History Table|
|06/13/2006||105 for 100|
|Materials Stock Splits|
|SOV is categorized under the Materials sector; below are some other companies in the same sector that also have a history of stock splits:|