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 Video: What is a Stock Split?
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| Lexmark International develops, manufactures and supplies printing, imaging, device management, managed print services (MPS), document workflow, and business process and content management solutions. Co.'s products include laser printers and multifunction devices, dot matrix printers and the associated supplies/services. Co. has two segments: Imaging Solutions and Services, which provides color and monochrome laser printers and laser multifunction printers, and supplies, software applications, software solutions and MPS; and Enterprise Software, which provides enterprise content management, business process management and document output management/customer communications management. According to our LXK split history records, LXK has had 1 split. | |
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LXK (LXK) has 1 split in our LXK split history database. The split for LXK took place on June 11, 1999. This was a 2 for 1
split, meaning for each share of LXK 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.
When a company such as LXK 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 LXK split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into LXK shares, starting with a $10,000 purchase of LXK, presented on a split-history-adjusted basis factoring in the complete LXK split history.
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| Date |
Ratio |
| 06/11/1999 | 2 for 1
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