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 Video: What is a Stock Split?
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| La-Z-Boy Incorporated is a global producer of reclining chairs and the manufacturer/distributor of residential furniture in the U.S.. Co. manufactures, markets, imports, exports, distributes and retails upholstery furniture products under the La-Z-Boy, England, Kincaid, and Joybird tradenames. Its segments include the Wholesale segment and the Retail segment. Its Retail segment primarily sells upholstered furniture, in addition to some casegoods and other home furnishing accessories, to end consumers through its Co.-owned La-Z-Boy Furniture Galleries stores. According to our LZB split history records, La-Z-Boy has had 1 split. | |
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La-Z-Boy (LZB) has 1 split in our LZB split history database. The split for LZB took place on September 15, 1998. This was a 3 for 1
split, meaning for each share of LZB owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split.
When a company such as La-Z-Boy 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 LZB split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into La-Z-Boy shares, starting with a $10,000 purchase of LZB, presented on a split-history-adjusted basis factoring in the complete LZB split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/16/2014 |
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| End date: |
12/13/2024 |
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| Start price/share: |
$25.09 |
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| End price/share: |
$44.47 |
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| Starting shares: |
398.57 |
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| Ending shares: |
475.11 |
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| Dividends reinvested/share: |
$5.43 |
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| Total return: |
111.28% |
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| Average Annual Total Return: |
7.77% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$21,133.86 |
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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: |
12/16/2014 |
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| End date: |
12/13/2024 |
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| Start price/share: |
$25.09 |
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| End price/share: |
$44.47 |
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| Dividends collected/share: |
$5.43 |
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| Total return: |
98.88% |
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| Average Annual Total Return: |
7.12% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$19,893.25 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 09/15/1998 | 3 for 1
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