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 Video: What is a Stock Split?
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| Alliance Fiber Optic Products designs, manufactures and markets a broad range of fiber optic components, and integrated modules incorporating these components, for communications equipment manufacturers and service providers. Co. provides a range of products including interconnect devices, couplers and splitters, and dense wavelength division multiplexing. Co.'s customers deploy its products in long-haul networks, metropolitan networks, last mile access networks, and enterprise networks. Co.'s lines of optical products which consist of connectivity products and optical passive products devices support the needs optical network systems applications. According to our AFOP split history records, AFOP has had 1 split. | |
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AFOP (AFOP) has 1 split in our AFOP split history database. The split for AFOP took place on September 17, 2013. This was a 2 for 1 split, meaning for each share of AFOP 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.
When a company such as AFOP 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 AFOP split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into AFOP shares, starting with a $10,000 purchase of AFOP, presented on a split-history-adjusted basis factoring in the complete AFOP split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/07/2014 |
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| End date: |
06/06/2016 |
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| Start price/share: |
$11.90 |
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| End price/share: |
$18.51 |
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| Starting shares: |
840.34 |
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| Ending shares: |
850.12 |
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| Dividends reinvested/share: |
$0.15 |
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| Total return: |
57.36% |
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| Average Annual Total Return: |
31.28% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,735.83 |
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| Years: |
1.67 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/07/2014 |
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| End date: |
06/06/2016 |
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| Start price/share: |
$11.90 |
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| End price/share: |
$18.51 |
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| Dividends collected/share: |
$0.15 |
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| Total return: |
56.81% |
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| Average Annual Total Return: |
31.00% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,679.96 |
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| Years: |
1.67 |
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| Date |
Ratio |
| 09/17/2013 | 2 for 1 |
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