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 Video: What is a Stock Split?
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| Badger Meter, Inc. manufactures and markets flow measurement and control products, serving global markets with innovative solutions. Their offerings include smart measurement hardware, such as water and fluid flow meters, water quality monitoring instruments, and high-frequency pressure and acoustic leak detection systems that provide real-time data. Additionally, they offer reliable communication solutions, including the ORION family of radio endpoints, to transmit data effectively. Badger Meter also provides data analytics software and ongoing support services, including training and project management, to help optimize customer operations and enhance system performance. According to our BMI split history records, Badger Meter has had 4 splits. | |
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Badger Meter (BMI) has 4 splits in our BMI split history database. The first split for BMI took place on April 21, 1997. This was a 2 for 1
split, meaning for each share of BMI 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. BMI's second split took place on December 13, 2004. This was a 2 for 1 split, meaning for each share of BMI 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. BMI's third split took place on June 16, 2006. This was a 2 for 1 split, meaning for each share of BMI owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split. BMI's 4th split took place on September 16, 2016. This was a 2 for 1 split, meaning for each share of BMI owned pre-split, the shareholder now owned 2 shares. For example, a 8000 share position pre-split, became a 16000 share position following the split.
When a company such as Badger Meter 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 BMI split history from start to finish, an original position size of 1000 shares would have turned into 16000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Badger Meter shares, starting with a $10,000 purchase of BMI, presented on a split-history-adjusted basis factoring in the complete BMI split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/11/2014 |
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| End date: |
12/09/2024 |
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| Start price/share: |
$27.55 |
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| End price/share: |
$228.07 |
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| Starting shares: |
362.98 |
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| Ending shares: |
400.92 |
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| Dividends reinvested/share: |
$7.03 |
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| Total return: |
814.37% |
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| Average Annual Total Return: |
24.76% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$91,414.88 |
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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: |
12/11/2014 |
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| End date: |
12/09/2024 |
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| Start price/share: |
$27.55 |
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| End price/share: |
$228.07 |
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| Dividends collected/share: |
$7.03 |
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| Total return: |
753.36% |
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| Average Annual Total Return: |
23.90% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$85,303.74 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 04/21/1997 | 2 for 1
| | 12/13/2004 | 2 for 1 | | 06/16/2006 | 2 for 1 | | 09/16/2016 | 2 for 1 |
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