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 Video: What is a Stock Split?
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| Callaway Golf designs, manufactures and sells golf clubs (woods, irons and putters), golf balls and a line of apparel, gear and accessories. Co. sells its products to golf retailers (including pro-shops at golf courses and off-course retailers), sporting goods retailers, department stores, Internet retailers and mass merchants, directly and through its subsidiaries and third party distributors, as well as directly to consumers through its retail and outlet locations, and through its e-commerce channel. Co. also sells pre-owned Callaway and non-Callaway-branded golf products through its website www.callawaygolfpreowned.com, and licenses its trademarks and service marks to third parties. According to our ELY split history records, ELY has had 3 splits. | |
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ELY (ELY) has 3 splits in our ELY split history database. The first split for ELY took place on March 22, 1993. This was a 2 for 1
split, meaning for each share of ELY 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. ELY's second split took place on March 04, 1994. This was a 2 for 1
split, meaning for each share of ELY 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. ELY's third split took place on March 13, 1995. This was a 2 for 1
split, meaning for each share of ELY 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 ELY 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 ELY 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 ELY shares, starting with a $10,000 purchase of ELY, presented on a split-history-adjusted basis factoring in the complete ELY split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/07/2014 |
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| End date: |
09/06/2022 |
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| Start price/share: |
$7.04 |
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| End price/share: |
$21.33 |
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| Starting shares: |
1,420.45 |
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| Ending shares: |
1,446.81 |
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| Dividends reinvested/share: |
$0.23 |
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| Total return: |
208.60% |
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| Average Annual Total Return: |
15.29% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$30,861.97 |
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| Years: |
7.92 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/07/2014 |
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| End date: |
09/06/2022 |
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| Start price/share: |
$7.04 |
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| End price/share: |
$21.33 |
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| Dividends collected/share: |
$0.23 |
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| Total return: |
206.25% |
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| Average Annual Total Return: |
15.18% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$30,629.51 |
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| Years: |
7.92 |
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| Date |
Ratio |
| 03/22/1993 | 2 for 1
| | 03/04/1994 | 2 for 1
| | 03/13/1995 | 2 for 1
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