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 Video: What is a Stock Split?
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| The Company provides enterprise decision management solutions that enable businesses to automate improve and connect decisions to enhance business performance. According to our FIC split history records, FIC has had 4 splits. | |
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FIC (FIC) has 4 splits in our FIC split history database. The first split for FIC took place on June 27, 1995. This was a 2 for 1
split, meaning for each share of FIC 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. FIC's second split took place on June 05, 2001. This was a 3 for 2 split, meaning for each 2 shares of FIC owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 3000 share position following the split. FIC's third split took place on June 06, 2002. This was a 3 for 2 split, meaning for each 2 shares of FIC owned pre-split, the shareholder now owned 3 shares. For example, a 3000 share position pre-split, became a 4500 share position following the split. FIC's 4th split took place on March 11, 2004. This was a 3 for 2 split, meaning for each 2 shares of FIC owned pre-split, the shareholder now owned 3 shares. For example, a 4500 share position pre-split, became a 6750 share position following the split.
When a company such as FIC 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 FIC 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 FIC shares, starting with a $10,000 purchase of FIC, presented on a split-history-adjusted basis factoring in the complete FIC split history.
FIC -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 06/27/1995 | 2 for 1
| | 06/05/2001 | 3 for 2 | | 06/06/2002 | 3 for 2 | | 03/11/2004 | 3 for 2 |
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