It's Been 26 Years Since Costco Split 2-for-1. Here's What $1,000 Invested the Day Before the Split Would Be Worth Today.
The warehouse-membership retailer's stock has climbed dramatically since then, sparking speculation that its next split could be in the offing.
Overview
Although the company itself hasn't hinted that one might be on the near-term radar, with shares currently priced at almost $1,000 apiece, investors are certainly talking about the prospect of a stock split from club-membership warehouse retailer Costco Wholesale (NASDAQ: COST).
And this begs the question: When was the last time Costco split its stock, and how far has it come in the meantime?
Details
As for the "when," it's been a while. It was all the way back in January 2000, in fact, when the retailer initiated a 2-for-1 split of its stock, cutting its share price at the time of $98.12 in half, to $49.06. It's clearly grown a great deal since then. Indeed, had you made a $1,000 investment in this name right before this split, that holding would be worth just over $19,700 today. Nice!
Source
Originally published at www.fool.com.
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