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 Video: What is a Stock Split?
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| Arts Way Manufacturing is a manufacturer of agricultural equipment, modular science buildings and steel cutting tools. Co.'s operating segments are: Agricultural Products, which manufactures a variety of farm machinery under Co.'s own label, including stationary animal feed processing equipment, forage equipment, manure spreaders, sugar beet harvesting equipment, and a line of dirt work equipment; Modular Buildings, which produces, sells and leases modular buildings; and Tools, which produces and sells single point brazed carbide tipped tools as well as polycrystalline diamond and cubic boron nitride inserts and tools and original equipment manufacturer tools. According to our ARTW split history records, Arts Way Manufacturing has had 1 split. | |
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Arts Way Manufacturing (ARTW) has 1 split in our ARTW split history database. The split for ARTW took place on July 31, 2008. This was a 2 for 1 split, meaning for each share of ARTW 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 Arts Way Manufacturing 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 ARTW 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 Arts Way Manufacturing shares, starting with a $10,000 purchase of ARTW, presented on a split-history-adjusted basis factoring in the complete ARTW split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
09/17/2014 |
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| End date: |
09/13/2024 |
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| Start price/share: |
$4.96 |
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| End price/share: |
$1.84 |
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| Starting shares: |
2,016.13 |
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| Ending shares: |
2,037.04 |
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| Dividends reinvested/share: |
$0.05 |
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| Total return: |
-62.52% |
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| Average Annual Total Return: |
-9.35% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$3,747.96 |
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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: |
09/17/2014 |
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| End date: |
09/13/2024 |
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| Start price/share: |
$4.96 |
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| End price/share: |
$1.84 |
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| Dividends collected/share: |
$0.05 |
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| Total return: |
-61.90% |
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| Average Annual Total Return: |
-9.20% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$3,810.42 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 07/31/2008 | 2 for 1 |
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