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 Video: What is a Stock Split?
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| American Woodmark manufactures and distributes kitchen, bath and home organization products for the remodeling and new home construction markets. Co. provides a variety of products including kitchen cabinetry, bath cabinetry, office cabinetry, home organization and hardware. Co. provides made-to-order products, which are special ordered and shipped directly to the home from the factory and are sold through home centers, builders, and independent dealers and distributors; and stock products, which represent cash and carry products and are sold through home centers. Co.'s home organization products are stock products. According to our AMWD split history records, American Woodmark has had 2 splits. | |
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American Woodmark (AMWD) has 2 splits in our AMWD split history database. The first split for AMWD took place on September 27, 2004. This was a 2 for 1 split, meaning for each share of AMWD 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. AMWD's second split took place on September 07, 1993. This was a 11 for 10 split, meaning for each 10 shares of AMWD owned pre-split, the shareholder now owned 11 shares. For example, a 2000 share position pre-split, became a 2200 share position following the split.
When a company such as American Woodmark 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 AMWD split history from start to finish, an original position size of 1000 shares would have turned into 2200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into American Woodmark shares, starting with a $10,000 purchase of AMWD, presented on a split-history-adjusted basis factoring in the complete AMWD split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/07/2014 |
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| End date: |
10/04/2024 |
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| Start price/share: |
$36.40 |
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| End price/share: |
$92.09 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
152.99% |
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| Average Annual Total Return: |
9.73% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$25,307.76 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 09/27/2004 | 2 for 1 | | 09/07/1993 | 11 for 10 |
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