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 Video: What is a Stock Split?
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| Deswell Industries is a holding company. Through its subsidiaries, Co. is an independent manufacturer of injection-molded plastic parts and components, electronic products and subassemblies and metallic molds and accessory parts for original equipment manufacturers, and contract manufacturers. Co. produces a variety of plastic parts and components that are used in the manufacture of consumer and industrial products, using different plastic injection technologies, such as film injection, integrated injection and insert injection. The products include plastic components of electronic entertainment products. Electronic products manufactured by Co. include: audio equipment and audio products. According to our DSWL split history records, Deswell Industries has had 3 splits. | |
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Deswell Industries (DSWL) has 3 splits in our DSWL split history database. The first split for DSWL took place on July 23, 2002. This was a 3 for 2 split, meaning for each 2 shares of DSWL 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. DSWL's second split took place on March 30, 2005. This was a 3 for 2 split, meaning for each 2 shares of DSWL 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. DSWL's third split took place on September 09, 2013.
When a company such as Deswell Industries 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 DSWL split history from start to finish, an original position size of 1000 shares would have turned into 2250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Deswell Industries shares, starting with a $10,000 purchase of DSWL, presented on a split-history-adjusted basis factoring in the complete DSWL split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/10/2013 |
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| End date: |
12/06/2023 |
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| Start price/share: |
$2.48 |
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| End price/share: |
$2.60 |
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| Starting shares: |
4,032.26 |
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| Ending shares: |
7,090.09 |
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| Dividends reinvested/share: |
$1.41 |
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| Total return: |
84.34% |
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| Average Annual Total Return: |
6.31% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$18,432.98 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/10/2013 |
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| End date: |
12/06/2023 |
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| Start price/share: |
$2.48 |
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| End price/share: |
$2.60 |
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| Dividends collected/share: |
$1.41 |
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| Total return: |
61.69% |
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| Average Annual Total Return: |
4.93% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$16,176.41 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 07/23/2002 | 3 for 2 | | 03/30/2005 | 3 for 2 | | 09/09/2013 | 1 for 1 |
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