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 Video: What is a Stock Split?
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| Gentex designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products, including: automatic-dimming rearview and non-dimming mirrors and electronics for the automotive industry; dimmable aircraft windows for the aviation industry; and commercial smoke alarms and signaling devices for the fire protection industry. In Automotive Products Segment, Co. manufactures interior electrochromic automatic-dimming rearview mirrors that darken to reduce glare and improve visibility for the driver. Co.'s Other Segment includes Dimmable Aircraft Windows, Fire Protection Products, and Nanofiber. According to our GNTX split history records, Gentex has had 5 splits. | |
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Gentex (GNTX) has 5 splits in our GNTX split history database. The first split for GNTX took place on June 21, 1993. This was a 2 for 1
split, meaning for each share of GNTX 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. GNTX's second split took place on June 24, 1996. This was a 2 for 1
split, meaning for each share of GNTX 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. GNTX's third split took place on June 22, 1998. This was a 2 for 1
split, meaning for each share of GNTX 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. GNTX's 4th split took place on May 09, 2005. This was a 2 for 1 split, meaning for each share of GNTX owned pre-split, the shareholder now owned 2 shares. For example, a 8000 share position pre-split, became a 16000 share position following the split. GNTX's 5th split took place on January 02, 2015. This was a 2 for 1 split, meaning for each share of GNTX owned pre-split, the shareholder now owned 2 shares. For example, a 16000 share position pre-split, became a 32000 share position following the split.
When a company such as Gentex 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 GNTX split history from start to finish, an original position size of 1000 shares would have turned into 32000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Gentex shares, starting with a $10,000 purchase of GNTX, presented on a split-history-adjusted basis factoring in the complete GNTX split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
06/05/2013 |
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| End date: |
06/02/2023 |
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| Start price/share: |
$11.28 |
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| End price/share: |
$27.28 |
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| Starting shares: |
886.52 |
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| Ending shares: |
1,070.59 |
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| Dividends reinvested/share: |
$4.06 |
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| Total return: |
192.06% |
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| Average Annual Total Return: |
11.32% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$29,214.90 |
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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: |
06/05/2013 |
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| End date: |
06/02/2023 |
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| Start price/share: |
$11.28 |
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| End price/share: |
$27.28 |
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| Dividends collected/share: |
$4.06 |
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| Total return: |
177.84% |
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| Average Annual Total Return: |
10.76% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$27,778.44 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/21/1993 | 2 for 1
| | 06/24/1996 | 2 for 1
| | 06/22/1998 | 2 for 1
| | 05/09/2005 | 2 for 1 | | 01/02/2015 | 2 for 1 |
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