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Cantel Medical is a provider of infection prevention products and services in the healthcare market. Co.'s reportable segments are: Medical, which designs, develops, manufactures, sells and installs products and services comprising a circle of infection prevention solutions; Life Sciences, which designs, develops, manufactures, sells, and installs water purification systems; Dental, which designs, manufactures, sells, supplies and distributes a range of products used by the dental profession; and Dialysis, which designs, develops, manufactures, sells and services reprocessing systems and sterilants for dialyzers, as well as dialysate concentrates and supplies utilized for renal dialysis. According to our CMD split history records, Cantel Medical has had 2 splits.
CMD split history picture
Cantel Medical (CMD) has 2 splits in our CMD split history database. The first split for CMD took place on February 25, 2011. This was a 1 for 5 reverse split, meaning for each 5 shares of CMD owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split. CMD's second split took place on July 25, 2016. This was a 3 for 1 split, meaning for each share of CMD owned pre-split, the shareholder now owned 3 shares. For example, a 200 share position pre-split, became a 600 share position following the split.

When a company such as Cantel Medical 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. When a company such as Cantel Medical conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the CMD split history from start to finish, an original position size of 1000 shares would have turned into 600 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Cantel Medical shares, starting with a $10,000 purchase of CMD, presented on a split-history-adjusted basis factoring in the complete CMD split history. CMD split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 05/12/2011
End date: 05/11/2021
Start price/share: $8.60
End price/share: $85.75
Starting shares: 1,162.79
Ending shares: 1,190.97
Dividends reinvested/share: $0.81
Total return: 921.26%
Average Annual Total Return: 26.14%
Starting investment: $10,000.00
Ending investment: $102,112.96
Years: 10.01
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 05/12/2011
End date: 05/11/2021
Start price/share: $8.60
End price/share: $85.75
Dividends collected/share: $0.81
Total return: 906.49%
Average Annual Total Return: 25.96%
Starting investment: $10,000.00
Ending investment: $100,664.36
Years: 10.01
Date Ratio
02/25/20111 for 5
07/25/20163 for 1
CMD is categorized under the Healthcare sector; below are some other companies in the same sector that also have a history of stock splits:

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