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 Video: What is a Stock Split?
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| Patterson Companies is a distributor serving the dental supply markets and animal health supply markets. Co.'s business units are: Patterson Dental, which provides consumable products (including infection control, restorative materials, and instruments); technology and dental equipment; and practice optimization solutions, including practice management software, e-commerce, revenue cycle management, patient engagement solutions, and clinical and patient education; and Patterson Animal Health, which distributes pharmaceuticals, vaccines, parasiticides, diagnostics, prescription and non-prescription diets, nutritionals, consumable supplies and equipment products. According to our PDCO split history records, Patterson Companies has had 4 splits. | |
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Patterson Companies (PDCO) has 4 splits in our PDCO split history database. The first split for PDCO took place on June 20, 1994. This was a 3 for 2
split, meaning for each 2
shares of PDCO owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. PDCO's second split took place on February 18, 1998. This was a 3 for 2
split, meaning for each 2
shares of PDCO owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. PDCO's third split took place on July 24, 2000. This was a 2 for 1
split, meaning for each share of PDCO owned pre-split, the shareholder now owned 2 shares. For example, a 2250 share position pre-split, became a 4500 share position following the split. PDCO's 4th split took place on October 25, 2004. This was a 2 for 1 split, meaning for each share of PDCO owned pre-split, the shareholder now owned 2 shares. For example, a 4500 share position pre-split, became a 9000 share position following the split.
When a company such as Patterson Companies 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 PDCO split history from start to finish, an original position size of 1000 shares would have turned into 9000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Patterson Companies shares, starting with a $10,000 purchase of PDCO, presented on a split-history-adjusted basis factoring in the complete PDCO 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: |
04/22/2024 |
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| Start price/share: |
$40.93 |
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| End price/share: |
$25.91 |
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| Starting shares: |
244.32 |
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| Ending shares: |
339.27 |
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| Dividends reinvested/share: |
$9.72 |
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| Total return: |
-12.09% |
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| Average Annual Total Return: |
-1.28% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$8,790.96 |
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| Years: |
10.00 |
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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: |
04/22/2024 |
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| Start price/share: |
$40.93 |
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| End price/share: |
$25.91 |
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| Dividends collected/share: |
$9.72 |
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| Total return: |
-12.95% |
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| Average Annual Total Return: |
-1.38% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$8,702.29 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/20/1994 | 3 for 2
| | 02/18/1998 | 3 for 2
| | 07/24/2000 | 2 for 1
| | 10/25/2004 | 2 for 1 |
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