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 Video: What is a Stock Split?
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| IDEX is an applied solutions provider focusing on the manufacture of fluid and metering technologies, health and science technologies and fire, safety and other diversified products. Co. has three segments: Fluid and Metering Technologies, which designs, produces and distributes displacement pumps, provers, flow meters, injectors and other fluid-handling pump modules and systems; Health and Science Technologies, which designs, produces and distributes a range of precision fluidics, and rotary lobe pumps; and Fire and Safety/Diversified Products, which designs, produces and distributes firefighting pumps, valves and controls, rescue tools, lifting bags and other components and systems. According to our IEX split history records, IDEX has had 4 splits. | |
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IDEX (IEX) has 4 splits in our IEX split history database. The first split for IEX took place on February 01, 1995. This was a 3 for 2
split, meaning for each 2
shares of IEX 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. IEX's second split took place on February 03, 1997. This was a 3 for 2
split, meaning for each 2
shares of IEX 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. IEX's third split took place on June 01, 2004. This was a 3 for 2 split, meaning for each 2 shares of IEX 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. IEX's 4th split took place on May 22, 2007. This was a 3 for 2 split, meaning for each 2 shares of IEX 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 IDEX 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 IEX 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 IDEX shares, starting with a $10,000 purchase of IEX, presented on a split-history-adjusted basis factoring in the complete IEX 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: |
$70.10 |
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| End price/share: |
$211.10 |
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| Starting shares: |
142.65 |
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| Ending shares: |
162.45 |
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| Dividends reinvested/share: |
$18.90 |
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| Total return: |
242.94% |
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| Average Annual Total Return: |
13.12% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$34,307.89 |
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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: |
$70.10 |
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| End price/share: |
$211.10 |
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| Dividends collected/share: |
$18.90 |
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| Total return: |
228.10% |
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| Average Annual Total Return: |
12.62% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$32,821.26 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 02/01/1995 | 3 for 2
| | 02/03/1997 | 3 for 2
| | 06/01/2004 | 3 for 2 | | 05/22/2007 | 3 for 2 |
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