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 Video: What is a Stock Split?
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| Corning provides glass for notebook computers, flat panel desktop monitors, display televisions, and other information display applications; carrier network and enterprise network products for the telecommunications industry; ceramic substrates for gasoline and diesel engines in automotive and heavy-duty vehicle markets; laboratory products for the scientific community and polymer products for biotechnology applications; optical materials for the semiconductor industry and the scientific community; and polycrystalline silicon products and other technologies. Co.'s segments are: Display Technologies, Optical Communications, Specialty Materials, Environmental Technologies and Life Sciences. According to our GLW split history records, Corning has had 4 splits. | |
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Corning (GLW) has 4 splits in our GLW split history database. The first split for GLW took place on February 13, 1985. This was a 2 for 1
split, meaning for each share of GLW 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. GLW's second split took place on February 15, 1989. This was a 2 for 1
split, meaning for each share of GLW 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. GLW's third split took place on February 11, 1992. This was a 2 for 1
split, meaning for each share of GLW 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. GLW's 4th split took place on October 04, 2000. This was a 3 for 1 split, meaning for each share of GLW owned pre-split, the shareholder now owned 3 shares. For example, a 8000 share position pre-split, became a 24000 share position following the split.
When a company such as Corning 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 GLW split history from start to finish, an original position size of 1000 shares would have turned into 24000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Corning shares, starting with a $10,000 purchase of GLW, presented on a split-history-adjusted basis factoring in the complete GLW split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/07/2014 |
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| End date: |
10/04/2024 |
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| Start price/share: |
$18.69 |
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| End price/share: |
$44.88 |
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| Starting shares: |
535.05 |
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| Ending shares: |
701.09 |
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| Dividends reinvested/share: |
$8.14 |
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| Total return: |
214.65% |
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| Average Annual Total Return: |
12.15% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$31,476.96 |
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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: |
10/07/2014 |
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| End date: |
10/04/2024 |
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| Start price/share: |
$18.69 |
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| End price/share: |
$44.88 |
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| Dividends collected/share: |
$8.14 |
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| Total return: |
183.68% |
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| Average Annual Total Return: |
10.99% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$28,368.64 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 02/13/1985 | 2 for 1
| | 02/15/1989 | 2 for 1
| | 02/11/1992 | 2 for 1
| | 10/04/2000 | 3 for 1 |
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