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AT&T (T) has 2 splits in our T split history database. The first split for T took place on March 20, 1998. This was a 2 for 1 split, meaning for each share of T 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. T's second split took place on November 18, 2002. This was a 24875 for 50000 reverse split, meaning for each 50000 shares of T owned pre-split, the shareholder now owned 24875 shares. For example, a 2000 share position pre-split, became a 995 share position following the split.
When a company such as AT&T 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 AT&T 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 T split history from start to finish, an original position size of 1000 shares would have turned into 995 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into AT&T shares, starting with a $10,000 purchase of T, presented on a split-history-adjusted basis factoring in the complete T split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||10.27%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||8.64%|
|AT&T is a holding company. Through its subsidiaries, Co. is a provider of telecommunications, media and technology services. Co.'s Communications segment provides wireless and wireline telecom, video and broadband services. Co.'s WarnerMedia segment includes media and entertainment businesses that principally develop, produce and distribute feature films, television content, and other content globally; and operate digital media properties. Co.'s Latin America segment provides entertainment services in Latin America and wireless services in Mexico. Co.'s XANDR segment relies on using data from its customer relationships, to develop digital and video advertising that is relevant to consumers. According to our T split history records, AT&T has had 2 splits.|
|T Split History Table|
|03/20/1998||2 for 1|
|11/18/2002||24875 for 50000|
|Technology Stock Splits|
|T 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: T shares outstanding history