 |
 Video: What is a Stock Split?
|
|
|
| Griffon Corporation is a diversified management and holding company. Co. owns and operates, and seeks to acquire, businesses in multiple industries and geographic markets. Co.'s segments include Home and Building Products (HBP) and Consumer and Professional Products (CPP). The HBP segment conducts its operations through Clopay Corporation (Clopay). Clopay is the manufacturer and marketer of garage doors and rolling steel doors in North America. Residential and commercial sectional garage doors are sold through professional dealers and home center retail chains throughout North America under the brands Clopay, Ideal, and Holmes. According to our GFF split history records, Griffon has had 1 split. | |
|
Griffon (GFF) has 1 split in our GFF split history database. The split for GFF took place on August 16, 2001. This was a 110 for 100 split, meaning for each 100 shares of GFF owned pre-split, the shareholder now owned 110 shares. For example, a 1000 share position pre-split, became a 1100 share position following the split.
When a company such as Griffon 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 GFF split history from start to finish, an original position size of 1000 shares would have turned into 1100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Griffon shares, starting with a $10,000 purchase of GFF, presented on a split-history-adjusted basis factoring in the complete GFF split history.
Growth of $10,000.00
With Dividends Reinvested
|
| Start date: |
12/11/2014 |
|
| End date: |
12/09/2024 |
|
| Start price/share: |
$12.27 |
|
| End price/share: |
$80.28 |
|
| Starting shares: |
815.00 |
|
| Ending shares: |
1,119.32 |
|
| Dividends reinvested/share: |
$8.25 |
|
| Total return: |
798.59% |
|
| Average Annual Total Return: |
24.55% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$89,887.34 |
|
| Years: |
10.00 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
12/11/2014 |
|
| End date: |
12/09/2024 |
|
| Start price/share: |
$12.27 |
|
| End price/share: |
$80.28 |
|
| Dividends collected/share: |
$8.25 |
|
| Total return: |
621.53% |
|
| Average Annual Total Return: |
21.84% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$72,132.99 |
|
| Years: |
10.00 |
|
|
|
| Date |
Ratio |
| 08/16/2001 | 110 for 100 |
|
|
Free GFF Email Alerts:
