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|WEX Stock Split History|
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Wex (WEX) has 1 split in our WEX split history database. The split for WEX took place on December 17, 2003. This was a 11 for 10 split, meaning for each 10 shares of WEX owned pre-split, the shareholder now owned 11 shares. For example, a 1000 share position pre-split, became a 1100 share position following the split.
When a company such as Wex 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 WEX split history from start to finish, an original position size of 1000 shares would have turned into 1100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Wex shares, starting with a $10,000 purchase of WEX, presented on a split-history-adjusted basis factoring in the complete WEX split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||22.90%|
|Wex is a provider of corporate card payment solutions. Co. operates in three business segments: Fleet Solutions, which provides payment, transaction processing and information management services specifically designed for the needs of commercial and government fleets; Travel and Corporate Solutions, which focuses on the payment environment of business-to-business payments, providing customers with payment processing solutions for their corporate payment and transaction monitoring needs; and Health and Employee Benefit Solutions, which provides a software-as-a-service platform for consumer directed healthcare payments, as well as payroll related benefits to customers in Brazil. According to our WEX split history records, Wex has had 1 split.|
|WEX Split History Table|
|12/17/2003||11 for 10|
|Services Stock Splits|
|WEX 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: WEX shares outstanding history