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 Video: What is a Stock Split?
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| Kimball International provides a variety of products from its two business segments: Electronic Manufacturing Services (EMS) and Furniture. The EMS segment provides electronics and electro-mechanical products (electronic assemblies) to the automotive, medical, industrial, and public safety industries that are sold globally on a contract basis and produced to customers' specifications. The Furniture segment provides furniture for the office and hospitality industries, sold under the Kimball Office, National and Kimball Hospitality brand names. Also included in the Furniture segment are Co.'s trucking fleet and customer fulfillment centers, which handle primarily product of this segment. According to our KBALB split history records, KBALB has had 1 split. | |
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KBALB (KBALB) has 1 split in our KBALB split history database. The split for KBALB took place on December 09, 1997. This was a 2 for 1
split, meaning for each share of KBALB 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 KBALB 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 KBALB 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 KBALB shares, starting with a $10,000 purchase of KBALB, presented on a split-history-adjusted basis factoring in the complete KBALB split history.
KBALB -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 12/09/1997 | 2 for 1
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