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Video: What is a Stock Split?
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Ferro is a producer of materials that are sold to a range of manufacturers who, in turn, make products for end-use markets. Co.'s products fall into two categories: functional coatings, which perform specific functions in the end products and manufacturing processes of its customers; and color solutions, which provide performance and aesthetic characteristics to its customers' products. Co.'s products include frits, porcelain and other glass enamels, glazes, decorating colors, pigments, inks, polishing materials, dielectrics, electronic glasses, and other coatings. Co.'s products are used as functional or aesthetic coatings for a variety of different substrates on its customers' products. According to our FOE split history records, FOE has had 3 splits. | |
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FOE (FOE) has 3 splits in our FOE split history database. The first split for FOE took place on September 05, 1989. This was a 3 for 2
split, meaning for each 2
shares of FOE 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. FOE's second split took place on September 02, 1992. This was a 3 for 2
split, meaning for each 2
shares of FOE 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. FOE's third split took place on December 02, 1997. This was a 3 for 2
split, meaning for each 2
shares of FOE owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split.
When a company such as FOE 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 FOE split history from start to finish, an original position size of 1000 shares would have turned into 3375 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into FOE shares, starting with a $10,000 purchase of FOE, presented on a split-history-adjusted basis factoring in the complete FOE split history.

Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
02/11/2015 |
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End date: |
04/21/2022 |
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Start price/share: |
$11.93 |
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End price/share: |
$22.01 |
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Dividends collected/share: |
$0.00 |
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Total return: |
84.49% |
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Average Annual Total Return: |
8.89% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$18,450.56 |
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Years: |
7.19 |
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Date |
Ratio |
09/05/1989 | 3 for 2
| 09/02/1992 | 3 for 2
| 12/02/1997 | 3 for 2
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