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 Video: What is a Stock Split?
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| The Eastern Co. manages industrial businesses that design, manufacture and sell engineered solutions to industrial markets. Co. has one reportable segment: Engineered Solutions. The Engineered Solutions segment provides engineered solutions to support its customers needs in the commercial transportation and logistics markets. It designs, manufactures, and markets a diverse product line of custom and standard vehicular and industrial hardware, including turnkey returnable packaging solutions, access and security hardware, mirrors, and mirror-cameras. According to our EML split history records, Eastern has had 2 splits. | |
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Eastern (EML) has 2 splits in our EML split history database. The first split for EML took place on June 16, 1999. This was a 3 for 2
split, meaning for each 2
shares of EML 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. EML's second split took place on October 18, 2006. This was a 3 for 2 split, meaning for each 2 shares of EML 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.
When a company such as Eastern 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 EML 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 Eastern shares, starting with a $10,000 purchase of EML, presented on a split-history-adjusted basis factoring in the complete EML split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/13/2016 |
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| End date: |
10/09/2026 |
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| Start price/share: |
$19.54 |
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| End price/share: |
$24.59 |
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| Starting shares: |
511.77 |
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| Ending shares: |
617.31 |
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| Dividends reinvested/share: |
$4.40 |
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| Total return: |
51.80% |
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| Average Annual Total Return: |
4.26% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,173.23 |
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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: |
10/13/2016 |
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| End date: |
10/09/2026 |
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| Start price/share: |
$19.54 |
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| End price/share: |
$24.59 |
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| Dividends collected/share: |
$4.40 |
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| Total return: |
48.36% |
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| Average Annual Total Return: |
4.03% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,841.98 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 06/16/1999 | 3 for 2
| | 10/18/2006 | 3 for 2 |
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