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 Video: What is a Stock Split?
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| Culp manufacturers, sources, and markets mattress fabrics and sewn covers used for covering mattresses and box springs, and upholstery fabrics, including cut and sewn kits, primarily used in production of upholstered furniture. Co. has two segments: mattress fabrics and upholstery fabrics. The mattress fabrics segment manufactures and markets mattress fabric and mattress covers to bedding manufacturers. The upholstery fabrics segment markets fabrics for residential and commercial furniture, including jacquard woven fabrics, velvets, microdenier suedes, woven dobbies, knitted fabrics, piece-dyed woven products, and polyurethane leather look fabrics. According to our CFI split history records, CFI has had 2 splits. | |
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CFI (CFI) has 2 splits in our CFI split history database. The first split for CFI took place on January 12, 1994. This was a 3 for 2
split, meaning for each 2
shares of CFI 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. CFI's second split took place on July 14, 1993. This was a 5 for 4 split, meaning for each 4 shares of CFI owned pre-split, the shareholder now owned 5 shares. For example, a 1500 share position pre-split, became a 1875 share position following the split.
When a company such as CFI 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 CFI split history from start to finish, an original position size of 1000 shares would have turned into 1875 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CFI shares, starting with a $10,000 purchase of CFI, presented on a split-history-adjusted basis factoring in the complete CFI split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
09/11/2017 |
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| End date: |
09/12/2017 |
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| Start price/share: |
$32.95 |
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| End price/share: |
$32.95 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
0.00% |
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| Annualized Gain: |
0.00% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$10,000.00 |
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| Years: |
0.00 |
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| Date |
Ratio |
| 01/12/1994 | 3 for 2
| | 07/14/1993 | 5 for 4 |
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