Did you read what I wrote?But I will complete your example so...

Did you read what I wrote?

But I will complete your example so that it fits the current reality.

2018 the company distributes profits 460m, 460m shares outstanding, there you have your buck.

2019 the company distributes profits 460m, 920m shares outstanding, you only have half a buck.

2020 the company distributes profits 2300m, there you have 5 bucks.

Owning a relatively smaller piece of a way larger pie means you still end up owning a way larger piece of pie than before.