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 Video: What is a Stock Split?
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| Airgas is a supplier of industrial, medical and specialty gases, and hardgoods, such as welding equipment and related products. Co. is a producer of atmospheric gases, carbon dioxide, dry ice and nitrous oxide, and a supplier of refrigerants, ammonia products and process chemicals. Co. also provides supply chain management services and solutions, and product and process technical support. Co. has two segments: Distribution, which provides a portfolio of related gas and hardgoods products and services to the end customers; and All Other Operations, which consists of six business units which manufacture and/or distribute carbon dioxide, dry ice, nitrous oxide, ammonia and refrigerant gases. According to our ARG split history records, ARG has had 3 splits. | |
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ARG (ARG) has 3 splits in our ARG split history database. The first split for ARG took place on November 27, 1992. This was a 2 for 1
split, meaning for each share of ARG owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. ARG's second split took place on November 26, 1993. This was a 2 for 1
split, meaning for each share of ARG owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. ARG's third split took place on April 16, 1996. This was a 2 for 1
split, meaning for each share of ARG 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.
When a company such as ARG 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 ARG split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ARG shares, starting with a $10,000 purchase of ARG, presented on a split-history-adjusted basis factoring in the complete ARG split history.
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| Date |
Ratio |
| 11/27/1992 | 2 for 1
| | 11/26/1993 | 2 for 1
| | 04/16/1996 | 2 for 1
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