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Video: What is a Stock Split?


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Electro Rent is engaged in the rental, lease and sale of new and used electronic test and measurement (T&M) equipment. Co. purchases T&M equipment from manufacturers. Co.'s customers rent, lease and buy its T&M equipment, and use that equipment primarily in the aerospace and defense, telecommunications, electronics, industrial and semiconductor markets. In addition, Co.'s Data Products division is a rental company providing personal computers from manufacturers. Co. also services its customers through sales offices and calibration and service centers in the U.S., Canada, China and Belgium, which are linked by a proprietary on-line computer system. According to our ELRC split history records, ELRC has had 4 splits.
ELRC split history picture
ELRC (ELRC) has 4 splits in our ELRC split history database. The first split for ELRC took place on March 02, 1992. This was a 3 for 2 split, meaning for each 2 shares of ELRC 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. ELRC's second split took place on February 28, 1994. This was a 3 for 2 split, meaning for each 2 shares of ELRC 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. ELRC's third split took place on August 21, 1995. This was a 3 for 2 split, meaning for each 2 shares of ELRC 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. ELRC's 4th split took place on May 13, 1998. This was a 2 for 1 split, meaning for each share of ELRC owned pre-split, the shareholder now owned 2 shares. For example, a 3375 share position pre-split, became a 6750 share position following the split.

When a company such as ELRC 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 ELRC split history from start to finish, an original position size of 1000 shares would have turned into 6750 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ELRC shares, starting with a $10,000 purchase of ELRC, presented on a split-history-adjusted basis factoring in the complete ELRC split history. ELRC split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 10/29/2010
End date: 08/10/2016
Start price/share: $14.86
End price/share: $15.50
Starting shares: 672.95
Ending shares: 941.08
Dividends reinvested/share: $5.00
Total return: 45.87%
Average Annual Total Return: 6.74%
Starting investment: $10,000.00
Ending investment: $14,585.11
Years: 5.79
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 10/29/2010
End date: 08/10/2016
Start price/share: $14.86
End price/share: $15.50
Dividends collected/share: $5.00
Total return: 37.95%
Average Annual Total Return: 5.72%
Starting investment: $10,000.00
Ending investment: $13,796.87
Years: 5.79
Date Ratio
03/02/19923 for 2
02/28/19943 for 2
08/21/19953 for 2
05/13/19982 for 1
ELRC is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:

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