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 Video: What is a Stock Split?
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| CONMED is a medical technology company that provides devices and equipment for surgical procedures. Co.'s product lines consist of orthopedic surgery and general surgery. Co.'s orthopedic surgery provides products that support sports medicine, the repair of soft tissue in the knee, hip, shoulder and in the upper and lower extremities. Co. also provides its customers with a line of battery-powered, autoclavable, large and small bone power tool systems for use in orthopedic, arthroscopic, oral/maxillofacial, podiatric, spinal and cardiothoracic surgeries. Co.'s general surgery product line provides a range of products in the areas of advanced surgical and advanced endoscopic technologies. According to our CNMD split history records, CONMED has had 3 splits. | |
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CONMED (CNMD) has 3 splits in our CNMD split history database. The first split for CNMD took place on December 28, 1994. This was a 3 for 2
split, meaning for each 2
shares of CNMD 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. CNMD's second split took place on December 01, 1995. This was a 3 for 2
split, meaning for each 2
shares of CNMD owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. CNMD's third split took place on September 10, 2001. This was a 3 for 2 split, meaning for each 2 shares of CNMD owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split.
When a company such as CONMED 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 CNMD split history from start to finish, an original position size of 1000 shares would have turned into 3375 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CONMED shares, starting with a $10,000 purchase of CNMD, presented on a split-history-adjusted basis factoring in the complete CNMD split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/18/2024 |
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| Start price/share: |
$46.97 |
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| End price/share: |
$71.08 |
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| Starting shares: |
212.90 |
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| Ending shares: |
239.92 |
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| Dividends reinvested/share: |
$8.00 |
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| Total return: |
70.54% |
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| Average Annual Total Return: |
5.48% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$17,046.60 |
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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: |
04/22/2014 |
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| End date: |
04/18/2024 |
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| Start price/share: |
$46.97 |
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| End price/share: |
$71.08 |
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| Dividends collected/share: |
$8.00 |
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| Total return: |
68.36% |
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| Average Annual Total Return: |
5.35% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$16,837.72 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 12/28/1994 | 3 for 2
| | 12/01/1995 | 3 for 2
| | 09/10/2001 | 3 for 2 |
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