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Video: What is a Stock Split?
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A leading manufacturer of steel fabricated wire products industrial wire and carbon steel rod for the agricultural industrial construction original equipment manufacturer and retail consumer markets. According to our KES split history records, KES has had 1 split. | |
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KES (KES) has 1 split in our KES split history database. The split for KES took place on June 11, 1990. This was a 3 for 2
split, meaning for each 2
shares of KES 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.
When a company such as KES 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 KES split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into KES shares, starting with a $10,000 purchase of KES, presented on a split-history-adjusted basis factoring in the complete KES split history.
KES -- use the split history when considering split-adjusted past price performance. |
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Date |
Ratio |
06/11/1990 | 3 for 2
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