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 Video: What is a Stock Split?
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| Hillenbrand is an industrial company with multiple brands that serve a variety of industries around the world. Co. has three reportable operating segments: Advanced Process Solutions, which designs, engineers, manufactures, markets, and services differentiated process and material handling equipment and systems for a variety of industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, recycling, and other general industrials; Molding Technology Solutions, which is engaged in engineered and customized equipment and systems and service in plastic technology and processing; and Batesville®, which is engaged in the death care industry in North America. According to our HI split history records, Hillenbrand has had 3 splits. | |
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Hillenbrand (HI) has 3 splits in our HI split history database. The first split for HI took place on April 18, 1989. This was a 5 for 4
split, meaning for each 4
shares of HI owned pre-split, the shareholder now owned 5 shares. For example, a 1000 share position pre-split, became a 1250 share position following the split. HI's second split took place on October 18, 1993. This was a 2 for 1
split, meaning for each share of HI owned pre-split, the shareholder now owned 2 shares. For example, a 1250 share position pre-split, became a 2500 share position following the split. HI's third split took place on June 02, 1998. This was a 3 for 1
split, meaning for each share of HI owned pre-split, the shareholder now owned 3 shares. For example, a 2500 share position pre-split, became a 7500 share position following the split.
When a company such as Hillenbrand 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 HI split history from start to finish, an original position size of 1000 shares would have turned into 7500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Hillenbrand shares, starting with a $10,000 purchase of HI, presented on a split-history-adjusted basis factoring in the complete HI split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
09/24/2013 |
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| End date: |
09/21/2023 |
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| Start price/share: |
$27.34 |
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| End price/share: |
$42.85 |
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| Starting shares: |
365.76 |
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| Ending shares: |
462.76 |
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| Dividends reinvested/share: |
$8.36 |
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| Total return: |
98.29% |
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| Average Annual Total Return: |
7.09% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$19,833.88 |
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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: |
09/24/2013 |
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| End date: |
09/21/2023 |
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| Start price/share: |
$27.34 |
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| End price/share: |
$42.85 |
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| Dividends collected/share: |
$8.36 |
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| Total return: |
87.31% |
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| Average Annual Total Return: |
6.48% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$18,732.93 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 04/18/1989 | 5 for 4
| | 10/18/1993 | 2 for 1
| | 06/02/1998 | 3 for 1
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