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 Video: What is a Stock Split?
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| Lindsay is engaged in providing a variety of proprietary water management and road infrastructure products and services. Co. has operations which are categorized into two primary reporting segments, Irrigation and Infrastructure. Co.'s irrigation segment includes the manufacture and marketing of center pivot, lateral move, hose reel irrigation systems, and repair and replacement parts for its irrigation systems and controls and diameter steel tubing. Co.'s infrastructure segment includes the manufacture and marketing of moveable barriers, specialty barriers, crash cushions and end terminals, road marking and road safety equipment, and railroad signals and structures. According to our LNN split history records, Lindsay has had 5 splits. | |
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Lindsay (LNN) has 5 splits in our LNN split history database. The first split for LNN took place on May 16, 1990. This was a 3 for 2
split, meaning for each 2
shares of LNN 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. LNN's second split took place on September 17, 1991. This was a 3 for 2
split, meaning for each 2
shares of LNN 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. LNN's third split took place on February 23, 1996. This was a 3 for 2
split, meaning for each 2
shares of LNN 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. LNN's 4th split took place on March 11, 1997. This was a 3 for 2
split, meaning for each 2
shares of LNN owned pre-split, the shareholder now owned 3 shares. For example, a 3375 share position pre-split, became a 5062.5 share position following the split. LNN's 5th split took place on June 16, 1998. This was a 3 for 2
split, meaning for each 2
shares of LNN owned pre-split, the shareholder now owned 3 shares. For example, a 5062.5 share position pre-split, became a 7593.75 share position following the split.
When a company such as Lindsay 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 LNN split history from start to finish, an original position size of 1000 shares would have turned into 7593.75 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Lindsay shares, starting with a $10,000 purchase of LNN, presented on a split-history-adjusted basis factoring in the complete LNN split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/19/2024 |
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| Start price/share: |
$88.97 |
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| End price/share: |
$117.37 |
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| Starting shares: |
112.40 |
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| Ending shares: |
127.22 |
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| Dividends reinvested/share: |
$12.33 |
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| Total return: |
49.32% |
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| Average Annual Total Return: |
4.09% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,931.04 |
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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: |
04/22/2014 |
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| End date: |
04/19/2024 |
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| Start price/share: |
$88.97 |
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| End price/share: |
$117.37 |
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| Dividends collected/share: |
$12.33 |
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| Total return: |
45.78% |
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| Average Annual Total Return: |
3.84% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,576.28 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 05/16/1990 | 3 for 2
| | 09/17/1991 | 3 for 2
| | 02/23/1996 | 3 for 2
| | 03/11/1997 | 3 for 2
| | 06/16/1998 | 3 for 2
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