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 Video: What is a Stock Split?
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| CTS is a global manufacturer of sensors, connectivity components, and actuators. Co.'s products perform specific electronic functions for a given product family and are intended for use in customer assemblies. Co.'s primary products consist principally of sensors and actuators used in passenger or commercial vehicles, connectivity components used in telecommunications infrastructure, information technology and other applications, switches, temperature sensors, and potentiometers supplied to multiple markets, and fabricated piezoelectric materials and substrates used primarily in the medical, industrial, and aerospace and defense markets. According to our CTS split history records, CTS has had 2 splits. | |
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CTS (CTS) has 2 splits in our CTS split history database. The first split for CTS took place on November 25, 1997. This was a 3 for 1
split, meaning for each share of CTS owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split. CTS's second split took place on August 13, 1999. This was a 2 for 1
split, meaning for each share of CTS 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.
When a company such as CTS 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 CTS split history from start to finish, an original position size of 1000 shares would have turned into 6000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CTS shares, starting with a $10,000 purchase of CTS, presented on a split-history-adjusted basis factoring in the complete CTS split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/28/2014 |
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| End date: |
04/24/2024 |
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| Start price/share: |
$18.95 |
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| End price/share: |
$45.64 |
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| Starting shares: |
527.70 |
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| Ending shares: |
561.49 |
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| Dividends reinvested/share: |
$1.60 |
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| Total return: |
156.26% |
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| Average Annual Total Return: |
9.87% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$25,625.91 |
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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: |
04/28/2014 |
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| End date: |
04/24/2024 |
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| Start price/share: |
$18.95 |
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| End price/share: |
$45.64 |
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| Dividends collected/share: |
$1.60 |
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| Total return: |
149.29% |
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| Average Annual Total Return: |
9.57% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$24,934.91 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 11/25/1997 | 3 for 1
| | 08/13/1999 | 2 for 1
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