 |
 Video: What is a Stock Split?
|
|
|
| Fortune Brands is a holding company with operating companies that make and sell consumer branded products worldwide in the following markets: distilled spirits, home and security, and golf products. Co. Spirits segment includes includes products made, marketed or distributed by Beam Global Spirits & Wine, Inc. subsidiaries and affiliates. Co.'s Home & Security segment consists of the operations of its Fortune Brands Home & Security LLC subsidiary, a holding company for subsidiaries in the home products industry. Co.'s Golf segment primarily consists of the operations of its Acushnet Company subsidiary, a manufacturers and marketer golf balls, golf clubs, golf shoes and golf gloves. According to our FO split history records, FO has had 3 splits. | |
|
FO (FO) has 3 splits in our FO split history database. The first split for FO took place on May 26, 1981. This was a 2 for 1
split, meaning for each share of FO 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. FO's second split took place on October 01, 1986. This was a 2 for 1
split, meaning for each share of FO 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. FO's third split took place on October 26, 1990. This was a 2 for 1
split, meaning for each share of FO 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 FO 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 FO 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 FO shares, starting with a $10,000 purchase of FO, presented on a split-history-adjusted basis factoring in the complete FO split history.
FO -- use the split history when considering split-adjusted past price performance. |
|
| Date |
Ratio |
| 05/26/1981 | 2 for 1
| | 10/01/1986 | 2 for 1
| | 10/26/1990 | 2 for 1
|
|
|
Free FO Email Alerts:
