Looking at the National Bank of Canada stock split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into National Bank of Canada shares, starting with a $10,000 purchase of NTIOF, presented on a split-history-adjusted basis factoring in the complete National Bank of Canada stock split history.
What does a stock split mean for National Bank of Canada?
When a company such as National Bank of Canada 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.
What is a CIBC stock split?
In a stock split, existing shareholders are not diluted as their percentage of ownership over the company does not change. The CIBC has performed four stock splits. The latest of these CIBC stock splits occurred on May 13 2022, when the board of directors approved a two-for-one split.
Which Canadian banks pay the longest dividends?
The Bank of Montreal is the 8th largest bank in North America, and has paid uninterrupted dividends for more than 185 years, the longest streak in the country. Just over 60% of its revenue comes from the Canadian economy, making it one of the more heavily dependent Canadian bank stocks when it comes to its home country.