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 Video: What is a Stock Split?
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| GenCorp is a manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the re-zoning, entitlement, sale, and leasing of its excess real estate assets. Co. develops and manufactures propulsion systems for defense and space applications, and armaments for tactical and long range weapon systems applications. Co.'s operations are organized into two segments: Aerospace and Defense, which is a technology-based designer, developer and manufacturer of aerospace and defense products and systems; and Real Estate, which includes the activities related to the re-zoning, entitlement, sale, and leasing of Co.'s excess real estate assets. According to our GY split history records, GY has had 10 splits. | |
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GY (GY) has 10 splits in our GY split history database. The first split for GY took place on December 24, 1987. This was a 3 for 1
split, meaning for each share of GY owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split. GY's second split took place on February 01, 1978. This was a 102 for 100 split, meaning for each 100 shares of GY owned pre-split, the shareholder now owned 102 shares. For example, a 3000 share position pre-split, became a 3060 share position following the split. GY's third split took place on February 01, 1979. This was a 102 for 100 split, meaning for each 100 shares of GY owned pre-split, the shareholder now owned 102 shares. For example, a 3060 share position pre-split, became a 3121.2 share position following the split. GY's 4th split took place on January 31, 1980. This was a 102 for 100 split, meaning for each 100 shares of GY owned pre-split, the shareholder now owned 102 shares. For example, a 3121.2 share position pre-split, became a 3183.624 share position following the split. GY's 5th split took place on February 02, 1981. This was a 102 for 100 split, meaning for each 100 shares of GY owned pre-split, the shareholder now owned 102 shares. For example, a 3183.624 share position pre-split, became a 3247.29648 share position following the split. GY's 6th split took place on February 03, 1982. This was a 102 for 100 split, meaning for each 100 shares of GY owned pre-split, the shareholder now owned 102 shares. For example, a 3247.29648 share position pre-split, became a 3312.2424096 share position following the split. GY's 7th split took place on January 26, 1984. This was a 102 for 100 split, meaning for each 100 shares of GY owned pre-split, the shareholder now owned 102 shares. For example, a 3312.2424096 share position pre-split, became a 3378.487257792 share position following the split. GY's 8th split took place on February 26, 1985. This was a 102 for 100 split, meaning for each 100 shares of GY owned pre-split, the shareholder now owned 102 shares. For example, a 3378.487257792 share position pre-split, became a 3446.05700294784 share position following the split. GY's 9th split took place on March 03, 1986. This was a 102 for 100 split, meaning for each 100 shares of GY owned pre-split, the shareholder now owned 102 shares. For example, a 3446.05700294784 share position pre-split, became a 3514.9781430068 share position following the split. GY's 10th split took place on October 04, 1999. This was a 10000 for 5275 split, meaning for each 5275 shares of GY owned pre-split, the shareholder now owned 10000 shares. For example, a 3514.9781430068 share position pre-split, became a 6663.46567394654 share position following the split.
When a company such as GY 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 GY split history from start to finish, an original position size of 1000 shares would have turned into 6663.46567394654 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into GY shares, starting with a $10,000 purchase of GY, presented on a split-history-adjusted basis factoring in the complete GY split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/17/2014 |
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| End date: |
04/24/2015 |
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| Start price/share: |
$17.21 |
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| End price/share: |
$20.80 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
20.86% |
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| Average Annual Total Return: |
20.43% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$12,086.01 |
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| Years: |
1.02 |
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| Date |
Ratio |
| 12/24/1987 | 3 for 1
| | 02/01/1978 | 102 for 100 | | 02/01/1979 | 102 for 100 | | 01/31/1980 | 102 for 100 | | 02/02/1981 | 102 for 100 | | 02/03/1982 | 102 for 100 | | 01/26/1984 | 102 for 100 | | 02/26/1985 | 102 for 100 | | 03/03/1986 | 102 for 100 | | 10/04/1999 | 10000 for 5275 |
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