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 Video: What is a Stock Split?
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| NACCO Industries is a holding company. Through its subsidiaries, Co. delivers aggregates, minerals, reliable fuels and environmental solutions through its portfolio of NACCO Natural Resources businesses. Co. operates under three business segments: Coal Mining, which operates surface coal mines under long-term contracts with power generation companies pursuant to a service-based business model; North American Mining, which provides contract mining and other services for producers of industrial minerals; and Minerals Management, which owns royalty interests, mineral interests, nonparticipating royalty interests and overriding royalty interests. According to our NC split history records, NACCO Industries has had 4 splits. | |
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NACCO Industries (NC) has 4 splits in our NC split history database. The first split for NC took place on June 09, 1986. This was a 2 for 1
split, meaning for each share of NC 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. NC's second split took place on July 16, 1986. This was a 3 for 2
split, meaning for each 2
shares of NC 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. NC's third split took place on October 01, 2012. This was a 1000 for 328 split, meaning for each 328 shares of NC owned pre-split, the shareholder now owned 1000 shares. For example, a 3000 share position pre-split, became a 9146.34146341463 share position following the split. NC's 4th split took place on October 02, 2017. This was a 4377 for 1000 split, meaning for each 1000 shares of NC owned pre-split, the shareholder now owned 4377 shares. For example, a 9146.34146341463 share position pre-split, became a 40033.5365853659 share position following the split.
When a company such as NACCO Industries 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 NC split history from start to finish, an original position size of 1000 shares would have turned into 40033.5365853659 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NACCO Industries shares, starting with a $10,000 purchase of NC, presented on a split-history-adjusted basis factoring in the complete NC 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: |
$12.65 |
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| End price/share: |
$28.31 |
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| Starting shares: |
790.51 |
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| Ending shares: |
975.07 |
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| Dividends reinvested/share: |
$5.86 |
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| Total return: |
176.04% |
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| Average Annual Total Return: |
10.69% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$27,611.11 |
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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: |
$12.65 |
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| End price/share: |
$28.31 |
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| Dividends collected/share: |
$5.86 |
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| Total return: |
170.15% |
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| Average Annual Total Return: |
10.45% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$27,018.25 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/09/1986 | 2 for 1
| | 07/16/1986 | 3 for 2
| | 10/01/2012 | 1000 for 328 | | 10/02/2017 | 4377 for 1000 |
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