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 Video: What is a Stock Split?
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| Producer and supplier of wine and an importer and producer of beer and distilled spirits in the U.S. It maintains a portfolio of over 170 national and regional brands and is also a U.K.-based producer of its own brands of cider, wine and bottled water. According to our CDB split history records, CDB has had 1 split. | |
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CDB (CDB) has 1 split in our CDB split history database. The split for CDB took place on July 21, 1992. This was a 3 for 2
split, meaning for each 2
shares of CDB 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.
When a company such as CDB 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 CDB split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CDB shares, starting with a $10,000 purchase of CDB, presented on a split-history-adjusted basis factoring in the complete CDB split history.
CDB -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 07/21/1992 | 3 for 2
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