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 Video: What is a Stock Split?
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| The Company is an independent investment management group. The Company provides an array of investment management products on a domestic international and global investment basis. According to our AVZ split history records, AVZ has had 2 splits. | |
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AVZ (AVZ) has 2 splits in our AVZ split history database. The first split for AVZ took place on April 27, 1998. This was a 2 for 1
split, meaning for each share of AVZ 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. AVZ's second split took place on November 08, 2000. This was a 25 for 10 split, meaning for each 10 shares of AVZ owned pre-split, the shareholder now owned 25 shares. For example, a 2000 share position pre-split, became a 5000 share position following the split.
When a company such as AVZ 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 AVZ split history from start to finish, an original position size of 1000 shares would have turned into 5000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into AVZ shares, starting with a $10,000 purchase of AVZ, presented on a split-history-adjusted basis factoring in the complete AVZ split history.
AVZ -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 04/27/1998 | 2 for 1
| | 11/08/2000 | 25 for 10 |
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