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 Video: What is a Stock Split?
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| Lancaster Colony is a manufacturer and marketer of food products for the retail and foodservice channels. Co. has two reportable segments: Retail and Foodservice. Within its Retail segment, the primary food products Co. manufactures and sells include: frozen garlic breads, frozen Parkerhouse style yeast rolls and dinner rolls, salad dressings, vegetable dips and fruit dips, salad dressings, and croutons and salad toppings. Within its Foodservice segment, the primary food products Co. manufactures and sells include: salad dressings, frozen garlic breads, frozen Parkerhouse style yeast rolls and dinner rolls, and frozen pasta. According to our LANC split history records, Lancaster Colony has had 4 splits. | |
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Lancaster Colony (LANC) has 4 splits in our LANC split history database. The first split for LANC took place on May 01, 1992. This was a 3 for 2
split, meaning for each 2
shares of LANC 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. LANC's second split took place on April 16, 1993. This was a 4 for 3
split, meaning for each 3
shares of LANC owned pre-split, the shareholder now owned 4 shares. For example, a 1500 share position pre-split, became a 2000 share position following the split. LANC's third split took place on July 21, 1994. This was a 4 for 3
split, meaning for each 3
shares of LANC owned pre-split, the shareholder now owned 4 shares. For example, a 2000 share position pre-split, became a 2666.66666666667 share position following the split. LANC's 4th split took place on January 28, 1998. This was a 3 for 2
split, meaning for each 2
shares of LANC owned pre-split, the shareholder now owned 3 shares. For example, a 2666.66666666667 share position pre-split, became a 4000 share position following the split.
When a company such as Lancaster Colony 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 LANC 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 Lancaster Colony shares, starting with a $10,000 purchase of LANC, presented on a split-history-adjusted basis factoring in the complete LANC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/02/2013 |
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| End date: |
11/29/2023 |
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| Start price/share: |
$85.15 |
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| End price/share: |
$164.06 |
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| Starting shares: |
117.44 |
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| Ending shares: |
147.11 |
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| Dividends reinvested/share: |
$30.20 |
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| Total return: |
141.35% |
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| Average Annual Total Return: |
9.21% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$24,127.88 |
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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: |
12/02/2013 |
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| End date: |
11/29/2023 |
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| Start price/share: |
$85.15 |
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| End price/share: |
$164.06 |
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| Dividends collected/share: |
$30.20 |
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| Total return: |
128.14% |
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| Average Annual Total Return: |
8.60% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$22,813.93 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 05/01/1992 | 3 for 2
| | 04/16/1993 | 4 for 3
| | 07/21/1994 | 4 for 3
| | 01/28/1998 | 3 for 2
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