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 Video: What is a Stock Split?
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| Daktronics is engaged in designing and manufacturing electronic scoreboards, programmable display systems and large screen video displays for sporting, commercial and transportation applications. Co. provides a line of products, from small scoreboards and electronic displays to large multimillion-dollar video display systems as well as related control, timing, and sound systems. Co. has the capabilities to design, market, manufacture, install and service integrated systems displaying real-time data, graphics, animation and video. Co. engages in various activities: marketing and sales, engineering and product design and development, manufacturing, technical contracting, and other services. According to our DAKT split history records, Daktronics has had 3 splits. | |
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Daktronics (DAKT) has 3 splits in our DAKT split history database. The first split for DAKT took place on January 10, 2000. This was a 2 for 1
split, meaning for each share of DAKT owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. DAKT's second split took place on June 25, 2001. This was a 2 for 1 split, meaning for each share of DAKT owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. DAKT's third split took place on June 23, 2006. This was a 2 for 1 split, meaning for each share of DAKT owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split.
When a company such as Daktronics 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 DAKT split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Daktronics shares, starting with a $10,000 purchase of DAKT, presented on a split-history-adjusted basis factoring in the complete DAKT 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: |
$13.68 |
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| End price/share: |
$9.22 |
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| Starting shares: |
730.99 |
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| Ending shares: |
903.16 |
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| Dividends reinvested/share: |
$1.87 |
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| Total return: |
-16.73% |
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| Average Annual Total Return: |
-1.81% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$8,330.95 |
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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: |
$13.68 |
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| End price/share: |
$9.22 |
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| Dividends collected/share: |
$1.87 |
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| Total return: |
-18.93% |
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| Average Annual Total Return: |
-2.08% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$8,104.74 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 01/10/2000 | 2 for 1
| | 06/25/2001 | 2 for 1 | | 06/23/2006 | 2 for 1 |
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