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 Video: What is a Stock Split?
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| Jinpan International is an investment holding company. Through its subsidiaries, Co. designs, manufactures and sells electrical power control and distribution equipment that are used in a range of commercial, industrial, and infrastructural applications. Co. sells products to customers worldwide, most of its sales are concentrated in China. Co. sells its product to both private and state owned companies in China. Sales of wind energy products to one OEM customer comprise the bulk of Co.'s international sales. Co.'s main product lines include cast resin transformers, VPI (Vacuum Pressure Impregnated) transformers, VPI line reactors, switchgears and unit substations. According to our JST split history records, JST has had 2 splits. | |
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JST (JST) has 2 splits in our JST split history database. The first split for JST took place on February 09, 2004. This was a 2 for 1 split, meaning for each share of JST 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. JST's second split took place on February 16, 2010. This was a 2 for 1 split, meaning for each share of JST 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 JST 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 JST 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 JST shares, starting with a $10,000 purchase of JST, presented on a split-history-adjusted basis factoring in the complete JST split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/17/2014 |
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| End date: |
04/18/2016 |
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| Start price/share: |
$7.56 |
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| End price/share: |
$5.94 |
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| Starting shares: |
1,322.75 |
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| Ending shares: |
1,353.63 |
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| Dividends reinvested/share: |
$0.15 |
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| Total return: |
-19.59% |
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| Average Annual Total Return: |
-10.30% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$8,041.30 |
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| Years: |
2.01 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/17/2014 |
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| End date: |
04/18/2016 |
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| Start price/share: |
$7.56 |
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| End price/share: |
$5.94 |
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| Dividends collected/share: |
$0.15 |
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| Total return: |
-19.44% |
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| Average Annual Total Return: |
-10.22% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$8,055.69 |
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| Years: |
2.01 |
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| Date |
Ratio |
| 02/09/2004 | 2 for 1 | | 02/16/2010 | 2 for 1 |
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