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 Video: What is a Stock Split?
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| HNI Corporation is a provider of workplace furnishings and residential building products. The workplace furnishings segment manufactures and markets a line of commercial and home office furniture, which includes panel-based and freestanding furniture systems, seating, storage, benching, tables, architectural products, and social collaborative items. The residential building products segment manufactures and markets a range of gas, wood, electric, and pellet-fueled fireplaces, inserts, stoves, facings, outdoor fire pits and fire tables, and accessories. According to our HNI split history records, HNI has had 2 splits. | |
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HNI (HNI) has 2 splits in our HNI split history database. The first split for HNI took place on July 03, 1990. This was a 2 for 1
split, meaning for each share of HNI 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. HNI's second split took place on March 30, 1998. This was a 2 for 1
split, meaning for each share of HNI 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.
When a company such as HNI 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 HNI split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into HNI shares, starting with a $10,000 purchase of HNI, presented on a split-history-adjusted basis factoring in the complete HNI split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/11/2014 |
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| End date: |
12/09/2024 |
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| Start price/share: |
$49.02 |
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| End price/share: |
$56.37 |
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| Starting shares: |
204.00 |
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| Ending shares: |
279.13 |
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| Dividends reinvested/share: |
$11.96 |
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| Total return: |
57.34% |
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| Average Annual Total Return: |
4.64% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,740.96 |
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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: |
12/11/2014 |
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| End date: |
12/09/2024 |
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| Start price/share: |
$49.02 |
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| End price/share: |
$56.37 |
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| Dividends collected/share: |
$11.96 |
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| Total return: |
39.39% |
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| Average Annual Total Return: |
3.38% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$13,944.56 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 07/03/1990 | 2 for 1
| | 03/30/1998 | 2 for 1
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