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|TWX Stock Split History|
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TWX (TWX) has 4 splits in our TWX split history database. The first split for TWX took place on September 11, 1992. This was a 4 for 1 split, meaning for each share of TWX owned pre-split, the shareholder now owned 4 shares. For example, a 1000 share position pre-split, became a 4000 share position following the split. TWX's second split took place on December 16, 1998. This was a 2 for 1 split, meaning for each share of TWX 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. TWX's third split took place on March 30, 2009. This was a 13536 for 30000 reverse split, meaning for each 30000 shares of TWX owned pre-split, the shareholder now owned 13536 shares. For example, a 8000 share position pre-split, became a 3609.6 share position following the split. TWX's 4th split took place on June 09, 2014. This was a 1043 for 1000 split, meaning for each 1000 shares of TWX owned pre-split, the shareholder now owned 1043 shares. For example, a 3609.6 share position pre-split, became a 3764.8128 share position following the split.
When a company such as TWX 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 TWX 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 TWX split history from start to finish, an original position size of 1000 shares would have turned into 3764.8128 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into TWX shares, starting with a $10,000 purchase of TWX, presented on a split-history-adjusted basis factoring in the complete TWX split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||17.82%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||16.74%|
|Time Warner is a media and entertainment company. Co. classifies its businesses into three reportable segments: Turner, consisting principally of cable networks and digital media properties operating more than 175 channels globally; Home Box Office, consisting premium pay television and OTT services domestically and premium pay, basic tier television and OTT services internationally, as well as home entertainment and content licensing; and Warner Bros., consisting principally of television, feature film, home video and videogame production and distribution. Co. also holds interests in companies that operate broadcast networks. According to our TWX split history records, TWX has had 4 splits.|
|TWX Split History Table|
|09/11/1992||4 for 1|
|12/16/1998||2 for 1|
|03/30/2009||13536 for 30000|
|06/09/2014||1043 for 1000|
|Services Stock Splits|
|TWX is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: TWX shares outstanding history