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Video: What is a Stock Split?
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A holding company which focuses mainly on providing small businesses and consumers with deposit cash management services credit trust services and investment advice as well as providing the ongoing servicing of those customer accounts. According to our IFC split history records, IFC has had 2 splits. | |
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IFC (IFC) has 2 splits in our IFC split history database. The first split for IFC took place on April 18, 1997. This was a 3 for 2
split, meaning for each 2
shares of IFC 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. IFC's second split took place on April 20, 1998. This was a 3 for 2
split, meaning for each 2
shares of IFC 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.
When a company such as IFC 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 IFC split history from start to finish, an original position size of 1000 shares would have turned into 2250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into IFC shares, starting with a $10,000 purchase of IFC, presented on a split-history-adjusted basis factoring in the complete IFC split history.
IFC -- use the split history when considering split-adjusted past price performance. |
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Date |
Ratio |
04/18/1997 | 3 for 2
| 04/20/1998 | 3 for 2
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