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 Video: What is a Stock Split?
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| Genuine Parts is a service organization engaged in the distribution of automotive and industrial replacement parts. Co.'s segments are: Automotive Parts Group, which distributes automotive parts, accessories and service items and provides inventory, cataloging, marketing, training and other programs to the automotive aftermarket; and Industrial Parts Group, which includes its subsidiary, Motion Industries, Inc., that distributes industrial replacement parts and related supplies such as bearings, mechanical and electrical power transmission products, industrial automation and robotics, hose, hydraulic and pneumatic components, industrial and safety supplies and material handling products. According to our GPC split history records, Genuine Parts has had 4 splits. | |
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Genuine Parts (GPC) has 4 splits in our GPC split history database. The first split for GPC took place on April 10, 1984. This was a 3 for 2
split, meaning for each 2
shares of GPC 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. GPC's second split took place on May 28, 1987. This was a 3 for 2
split, meaning for each 2
shares of GPC 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. GPC's third split took place on April 20, 1992. This was a 3 for 2
split, meaning for each 2
shares of GPC 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. GPC's 4th split took place on April 15, 1997. This was a 3 for 2
split, meaning for each 2
shares of GPC owned pre-split, the shareholder now owned 3 shares. For example, a 3375 share position pre-split, became a 5062.5 share position following the split.
When a company such as Genuine Parts 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 GPC split history from start to finish, an original position size of 1000 shares would have turned into 5062.5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Genuine Parts shares, starting with a $10,000 purchase of GPC, presented on a split-history-adjusted basis factoring in the complete GPC 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: |
$86.50 |
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| End price/share: |
$136.70 |
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| Starting shares: |
115.61 |
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| Ending shares: |
153.12 |
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| Dividends reinvested/share: |
$31.10 |
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| Total return: |
109.32% |
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| Average Annual Total Return: |
7.67% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$20,938.58 |
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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: |
$86.50 |
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| End price/share: |
$136.70 |
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| Dividends collected/share: |
$31.10 |
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| Total return: |
93.99% |
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| Average Annual Total Return: |
6.85% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$19,397.48 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 04/10/1984 | 3 for 2
| | 05/28/1987 | 3 for 2
| | 04/20/1992 | 3 for 2
| | 04/15/1997 | 3 for 2
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