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 Video: What is a Stock Split?
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| Cooper Tire & Rubber is a manufacturer and marketer of replacement tires. In its Americas Tire Operations segment, Co. manufactures and markets passenger car and light truck tires, mainly for sale in the United States replacement market, and also supplies passenger car tires to the Mexican, North American, Central American and South American markets. In its International Tire Operations segment, Co.'s United Kingdom entity manufactures and markets motorcycle and racing tires and tire retread material for domestic and global markets, and its Serbian entity manufactures passenger car and light truck tires mainly for the European markets and for export to the North American segment. According to our CTB split history records, CTB has had 3 splits. | |
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CTB (CTB) has 3 splits in our CTB split history database. The first split for CTB took place on August 23, 1988. This was a 2 for 1
split, meaning for each share of CTB 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. CTB's second split took place on August 21, 1990. This was a 2 for 1
split, meaning for each share of CTB 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. CTB's third split took place on July 01, 1992. This was a 2 for 1
split, meaning for each share of CTB 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 CTB 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 CTB 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 CTB shares, starting with a $10,000 purchase of CTB, presented on a split-history-adjusted basis factoring in the complete CTB split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/24/2014 |
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| End date: |
06/08/2021 |
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| Start price/share: |
$26.54 |
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| End price/share: |
$60.17 |
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| Starting shares: |
376.79 |
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| Ending shares: |
412.85 |
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| Dividends reinvested/share: |
$3.04 |
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| Total return: |
148.41% |
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| Average Annual Total Return: |
13.61% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$24,834.29 |
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| Years: |
7.13 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/24/2014 |
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| End date: |
06/08/2021 |
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| Start price/share: |
$26.54 |
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| End price/share: |
$60.17 |
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| Dividends collected/share: |
$3.04 |
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| Total return: |
138.19% |
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| Average Annual Total Return: |
12.95% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$23,823.94 |
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| Years: |
7.13 |
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| Date |
Ratio |
| 08/23/1988 | 2 for 1
| | 08/21/1990 | 2 for 1
| | 07/01/1992 | 2 for 1
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