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 Video: What is a Stock Split?
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| Franklin Electric Co., Inc. designs, manufactures and distributes water and fuel pumping systems, composed primarily of submersible motors, pumps, electronic controls, water treatment systems, and related parts and equipment. Co.'s water pumping systems move fresh and wastewater to the residential, agricultural and other industrial end markets. Co.'s segments include Water Systems, Fueling Systems, and Distribution. Water Systems produces and markets water pumping systems and is a technical service for submersible motors, pumps, drives, electronic controls, water treatment systems, and monitoring devices. According to our FELE split history records, Franklin Electric has had 3 splits. | |
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Franklin Electric (FELE) has 3 splits in our FELE split history database. The first split for FELE took place on March 25, 2002. This was a 2 for 1 split, meaning for each share of FELE 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. FELE's second split took place on June 16, 2004. This was a 2 for 1 split, meaning for each share of FELE 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. FELE's third split took place on March 19, 2013. This was a 2 for 1 split, meaning for each share of FELE 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 Franklin Electric 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 FELE 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 Franklin Electric shares, starting with a $10,000 purchase of FELE, presented on a split-history-adjusted basis factoring in the complete FELE split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/11/2014 |
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| End date: |
12/09/2024 |
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| Start price/share: |
$37.26 |
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| End price/share: |
$107.43 |
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| Starting shares: |
268.38 |
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| Ending shares: |
298.12 |
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| Dividends reinvested/share: |
$6.25 |
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| Total return: |
220.28% |
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| Average Annual Total Return: |
12.34% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$32,024.52 |
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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: |
12/11/2014 |
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| End date: |
12/09/2024 |
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| Start price/share: |
$37.26 |
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| End price/share: |
$107.43 |
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| Dividends collected/share: |
$6.25 |
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| Total return: |
205.11% |
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| Average Annual Total Return: |
11.80% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$30,517.63 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 03/25/2002 | 2 for 1 | | 06/16/2004 | 2 for 1 | | 03/19/2013 | 2 for 1 |
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