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 Video: What is a Stock Split?
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| Franklin Resources is a holding company. Through its subsidiaries, Co. is engaged in the investment management and related services. Co. provides its investment management and related services to retail, institutional and investors in jurisdictions worldwide. Co. deliver its investment capabilities through a variety of products and vehicles and multiple points of access, including directly to investors and through financial intermediaries. Co.'s investment products include its sponsored funds, as well as institutional and separate accounts, retail separately managed account programs, sub-advised products, and other investment vehicles. According to our BEN split history records, Franklin Resources has had 9 splits. | |
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Franklin Resources (BEN) has 9 splits in our BEN split history database. The first split for BEN took place on January 24, 1986. BEN's second split took place on October 27, 1986. This was a 3 for 2
split, meaning for each 2
shares of BEN owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. BEN's third split took place on January 16, 1990. This was a 3 for 2
split, meaning for each 2
shares of BEN owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. BEN's 4th split took place on April 15, 1992. This was a 2 for 1
split, meaning for each share of BEN owned pre-split, the shareholder now owned 2 shares. For example, a 2250 share position pre-split, became a 4500 share position following the split. BEN's 5th split took place on January 15, 1997. This was a 3 for 2
split, meaning for each 2
shares of BEN owned pre-split, the shareholder now owned 3 shares. For example, a 4500 share position pre-split, became a 6750 share position following the split. BEN's 6th split took place on January 16, 1998. This was a 2 for 1
split, meaning for each share of BEN owned pre-split, the shareholder now owned 2 shares. For example, a 6750 share position pre-split, became a 13500 share position following the split. BEN's 7th split took place on July 26, 2013. This was a 3 for 1 split, meaning for each share of BEN owned pre-split, the shareholder now owned 3 shares. For example, a 13500 share position pre-split, became a 40500 share position following the split. BEN's 8th split took place on April 02, 1985. This was a 2 for 1 split, meaning for each share of BEN owned pre-split, the shareholder now owned 2 shares. For example, a 40500 share position pre-split, became a 81000 share position following the split. BEN's 9th split took place on January 23, 1986. This was a 2 for 1 split, meaning for each share of BEN owned pre-split, the shareholder now owned 2 shares. For example, a 81000 share position pre-split, became a 162000 share position following the split.
When a company such as Franklin Resources 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 BEN split history from start to finish, an original position size of 1000 shares would have turned into 162000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Franklin Resources shares, starting with a $10,000 purchase of BEN, presented on a split-history-adjusted basis factoring in the complete BEN 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: |
10/03/2024 |
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| Start price/share: |
$53.42 |
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| End price/share: |
$19.57 |
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| Starting shares: |
187.20 |
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| Ending shares: |
289.28 |
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| Dividends reinvested/share: |
$13.38 |
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| Total return: |
-43.39% |
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| Average Annual Total Return: |
-5.53% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$5,662.48 |
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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: |
10/07/2014 |
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| End date: |
10/03/2024 |
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| Start price/share: |
$53.42 |
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| End price/share: |
$19.57 |
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| Dividends collected/share: |
$13.38 |
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| Total return: |
-38.32% |
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| Average Annual Total Return: |
-4.72% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$6,167.02 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 01/24/1986 | 1 for 1 | | 10/27/1986 | 3 for 2
| | 01/16/1990 | 3 for 2
| | 04/15/1992 | 2 for 1
| | 01/15/1997 | 3 for 2
| | 01/16/1998 | 2 for 1
| | 07/26/2013 | 3 for 1 | | 04/02/1985 | 2 for 1 | | 01/23/1986 | 2 for 1 |
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