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 Video: What is a Stock Split?
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| Cintas Corporation develops uniform programs using fabric. Co. helps businesses of all types and sizes, primarily in the U.S., as well as Canada and Latin America. Co. operates through two segments: Uniform Rental and Facility Services segment and the First Aid and Safety Services segment. The Uniform Rental and Facility Services segment consists of the rental and servicing of uniforms and other garments, including flame resistant clothing, mats, mops and shop towels and other ancillary items. This segment also includes restroom cleaning services and supplies and the sale of items from its catalogs to its customers. According to our CTAS split history records, Cintas has had 5 splits. | |
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Cintas (CTAS) has 5 splits in our CTAS split history database. The first split for CTAS took place on April 03, 1991. This was a 3 for 2
split, meaning for each 2
shares of CTAS 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. CTAS's second split took place on April 03, 1992. This was a 2 for 1
split, meaning for each share of CTAS owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split. CTAS's third split took place on November 19, 1997. This was a 2 for 1
split, meaning for each share of CTAS owned pre-split, the shareholder now owned 2 shares. For example, a 3000 share position pre-split, became a 6000 share position following the split. CTAS's 4th split took place on March 08, 2000. This was a 3 for 2
split, meaning for each 2
shares of CTAS owned pre-split, the shareholder now owned 3 shares. For example, a 6000 share position pre-split, became a 9000 share position following the split. CTAS's 5th split took place on September 12, 2024. This was a 4 for 1 split, meaning for each share of CTAS owned pre-split, the shareholder now owned 4 shares. For example, a 9000 share position pre-split, became a 36000 share position following the split.
When a company such as Cintas 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 CTAS split history from start to finish, an original position size of 1000 shares would have turned into 36000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Cintas shares, starting with a $10,000 purchase of CTAS, presented on a split-history-adjusted basis factoring in the complete CTAS split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/16/2014 |
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| End date: |
12/13/2024 |
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| Start price/share: |
$17.88 |
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| End price/share: |
$211.22 |
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| Starting shares: |
559.28 |
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| Ending shares: |
620.62 |
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| Dividends reinvested/share: |
$7.63 |
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| Total return: |
1,210.88% |
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| Average Annual Total Return: |
29.35% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$131,118.61 |
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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: |
12/16/2014 |
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| End date: |
12/13/2024 |
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| Start price/share: |
$17.88 |
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| End price/share: |
$211.22 |
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| Dividends collected/share: |
$7.63 |
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| Total return: |
1,124.01% |
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| Average Annual Total Return: |
28.46% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$122,371.19 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 04/03/1991 | 3 for 2
| | 04/03/1992 | 2 for 1
| | 11/19/1997 | 2 for 1
| | 03/08/2000 | 3 for 2
| | 09/12/2024 | 4 for 1 |
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