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 Video: What is a Stock Split?
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| Albany International Corp. is a global advanced textiles and materials processing company. Its segments include Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment supplies consumable permeable and impermeable belts used in the manufacture of paper, paperboard, tissue and towel, pulp, nonwovens, fiber cement and several other industrial applications. It designs, manufactures, and markets paper machine clothing for each section of the paper machine and for every grade of paper. The MC segment also supplies engineered processing belts used in the manufacturing process in the pulp, corrugator, nonwovens, fiber cement, building products, and textile industries. According to our AIN split history records, Albany International has had 4 splits. | |
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Albany International (AIN) has 4 splits in our AIN split history database. The first split for AIN took place on June 03, 1998. This was a 1005 for 1000
split, meaning for each 1000
shares of AIN owned pre-split, the shareholder now owned 1005 shares. For example, a 1000 share position pre-split, became a 1005 share position following the split. AIN's second split took place on September 02, 1998. This was a 1005 for 1000
split, meaning for each 1000
shares of AIN owned pre-split, the shareholder now owned 1005 shares. For example, a 1005 share position pre-split, became a 1010.025 share position following the split. AIN's third split took place on December 02, 1998. This was a 51 for 50
split, meaning for each 50
shares of AIN owned pre-split, the shareholder now owned 51 shares. For example, a 1010.025 share position pre-split, became a 1030.2255 share position following the split. AIN's 4th split took place on December 08, 1999. This was a 102 for 100
split, meaning for each 100
shares of AIN owned pre-split, the shareholder now owned 102 shares. For example, a 1030.2255 share position pre-split, became a 1050.83001 share position following the split.
When a company such as Albany International 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 AIN split history from start to finish, an original position size of 1000 shares would have turned into 1050.83001 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Albany International shares, starting with a $10,000 purchase of AIN, presented on a split-history-adjusted basis factoring in the complete AIN split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/16/2014 |
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| End date: |
12/13/2024 |
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| Start price/share: |
$34.68 |
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| End price/share: |
$81.96 |
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| Starting shares: |
288.35 |
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| Ending shares: |
327.16 |
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| Dividends reinvested/share: |
$7.86 |
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| Total return: |
168.14% |
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| Average Annual Total Return: |
10.37% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$26,823.19 |
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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: |
12/16/2014 |
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| End date: |
12/13/2024 |
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| Start price/share: |
$34.68 |
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| End price/share: |
$81.96 |
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| Dividends collected/share: |
$7.86 |
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| Total return: |
159.00% |
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| Average Annual Total Return: |
9.98% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$25,890.30 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/03/1998 | 1005 for 1000
| | 09/02/1998 | 1005 for 1000
| | 12/02/1998 | 51 for 50
| | 12/08/1999 | 102 for 100
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