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 Video: What is a Stock Split?
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| Lydall designs and manufactures nonwoven filtration media, industrial thermal insulating solutions, and thermal and acoustical barriers for filtration/separation and heat abatement and sound dampening applications. Co.'s segments are: Performance Materials, which includes filtration media solutions for air, fluid power, life science and industrial applications, and sealing and gasket solutions, thermal insulation, energy storage, and other engineered products; Technical Nonwovens, which produces needle punch nonwoven solutions for a multitude of industries and applications; and Thermal Acoustical Solutions, which provides engineered products for the transportation and industrial sectors. According to our LDL split history records, Lydall has had 3 splits. | |
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Lydall (LDL) has 3 splits in our LDL split history database. The first split for LDL took place on September 17, 1991. This was a 2 for 1
split, meaning for each share of LDL 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. LDL's second split took place on September 15, 1993. This was a 3 for 2
split, meaning for each 2
shares of LDL owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 3000 share position following the split. LDL's third split took place on June 22, 1995. This was a 2 for 1
split, meaning for each share of LDL owned pre-split, the shareholder now owned 2 shares. For example, a 3000 share position pre-split, became a 6000 share position following the split.
When a company such as Lydall 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 LDL split history from start to finish, an original position size of 1000 shares would have turned into 6000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Lydall shares, starting with a $10,000 purchase of LDL, presented on a split-history-adjusted basis factoring in the complete LDL split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/14/2011 |
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| End date: |
04/13/2021 |
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| Start price/share: |
$9.05 |
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| End price/share: |
$30.96 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
242.10% |
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| Average Annual Total Return: |
13.08% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$34,209.80 |
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| Years: |
10.01 |
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| Date |
Ratio |
| 09/17/1991 | 2 for 1
| | 09/15/1993 | 3 for 2
| | 06/22/1995 | 2 for 1
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