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Video: What is a Stock Split?
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Designs engineers manufactures and markets fountain soft drinks beer and citrus beverage dispensing systems and other equipment for use in the food service and beverage industry. According to our LAN split history records, LAN has had 3 splits. | |
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LAN (LAN) has 3 splits in our LAN split history database. The first split for LAN took place on July 12, 1995. This was a 3 for 2
split, meaning for each 2
shares of LAN 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. LAN's second split took place on July 10, 1996. This was a 3 for 2
split, meaning for each 2
shares of LAN 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. LAN's third split took place on July 09, 1997. This was a 3 for 2
split, meaning for each 2
shares of LAN owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split.
When a company such as LAN 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 LAN split history from start to finish, an original position size of 1000 shares would have turned into 3375 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into LAN shares, starting with a $10,000 purchase of LAN, presented on a split-history-adjusted basis factoring in the complete LAN split history.
LAN -- use the split history when considering split-adjusted past price performance. |
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Date |
Ratio |
07/12/1995 | 3 for 2
| 07/10/1996 | 3 for 2
| 07/09/1997 | 3 for 2
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