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 Video: What is a Stock Split?
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| Big Lots, through its subsidiaries, is a home discount retailer. Co.'s merchandise categories are: Food, which includes beverage and grocery, specialty foods and pet departments; Consumables, which includes health, beauty and cosmetics departments; Soft Home, which includes home decor, frames, bedding and bath departments; Hard Home, which includes small appliances, food preparation, stationery, home maintenance, and home organization departments; Furniture, which includes upholstery and mattress departments; Seasonal, which includes lawn and garden and other holiday departments; Apparel, Electronics, and Other department, which includes apparel, electronics and jewelry departments. According to our BIG split history records, BIG has had 4 splits. | |
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BIG (BIG) has 4 splits in our BIG split history database. The first split for BIG took place on November 26, 1985. This was a 2 for 1 split, meaning for each share of BIG 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. BIG's second split took place on June 17, 1986. This was a 2 for 1 split, meaning for each share of BIG owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. BIG's third split took place on December 26, 1996. This was a 5 for 4 split, meaning for each 4 shares of BIG owned pre-split, the shareholder now owned 5 shares. For example, a 4000 share position pre-split, became a 5000 share position following the split. BIG's 4th split took place on June 25, 1997. This was a 5 for 4 split, meaning for each 4 shares of BIG owned pre-split, the shareholder now owned 5 shares. For example, a 5000 share position pre-split, became a 6250 share position following the split.
When a company such as BIG 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 BIG split history from start to finish, an original position size of 1000 shares would have turned into 6250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into BIG shares, starting with a $10,000 purchase of BIG, presented on a split-history-adjusted basis factoring in the complete BIG split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/10/2014 |
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| End date: |
09/09/2024 |
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| Start price/share: |
$44.40 |
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| End price/share: |
$0.50 |
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| Starting shares: |
225.23 |
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| Ending shares: |
292.52 |
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| Dividends reinvested/share: |
$8.77 |
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| Total return: |
-98.54% |
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| Average Annual Total Return: |
-34.67% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$146.32 |
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| Years: |
9.92 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/10/2014 |
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| End date: |
09/09/2024 |
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| Start price/share: |
$44.40 |
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| End price/share: |
$0.50 |
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| Dividends collected/share: |
$8.77 |
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| Total return: |
-79.12% |
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| Average Annual Total Return: |
-14.60% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$2,088.51 |
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| Years: |
9.92 |
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| Date |
Ratio |
| 11/26/1985 | 2 for 1 | | 06/17/1986 | 2 for 1 | | 12/26/1996 | 5 for 4 | | 06/25/1997 | 5 for 4 |
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