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 Video: What is a Stock Split?
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| Insteel Industries is a holding company. Through its subsidiaries, Co. is a manufacturer of steel wire reinforcing products for concrete construction applications. Co. manufactures and markets prestressed concrete strand and welded wire reinforcement, including engineered structural mesh, concrete pipe reinforcement and standard welded wire reinforcement. Co.'s products are sold mainly to manufacturers of concrete products that are used in nonresidential construction. Co.'s operations are focused on the manufacture and marketing of steel wire reinforcing products for concrete construction applications. According to our IIIN split history records, Insteel Industries has had 1 split. | |
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Insteel Industries (IIIN) has 1 split in our IIIN split history database. The split for IIIN took place on June 19, 2006. This was a 2 for 1 split, meaning for each share of IIIN 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.
When a company such as Insteel Industries 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 IIIN split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Insteel Industries shares, starting with a $10,000 purchase of IIIN, presented on a split-history-adjusted basis factoring in the complete IIIN split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
08/17/2012 |
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| End date: |
08/15/2022 |
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| Start price/share: |
$10.32 |
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| End price/share: |
$32.77 |
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| Starting shares: |
968.99 |
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| Ending shares: |
1,306.21 |
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| Dividends reinvested/share: |
$8.20 |
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| Total return: |
328.05% |
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| Average Annual Total Return: |
15.65% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$42,801.24 |
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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: |
08/17/2012 |
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| End date: |
08/15/2022 |
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| Start price/share: |
$10.32 |
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| End price/share: |
$32.77 |
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| Dividends collected/share: |
$8.20 |
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| Total return: |
297.00% |
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| Average Annual Total Return: |
14.78% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$39,688.27 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/19/2006 | 2 for 1 |
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