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 Video: What is a Stock Split?
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| Neogen and subsidiaries develop, manufacture and market a range of products and services dedicated to food and animal safety. Co.'s segments are: Food Safety, which is engaged in the production and marketing of diagnostic test kits and complementary products marketed to food and feed producers and processors to detect dangerous and/or unintended substances in food and animal feed; and Animal Safety, which is engaged in the development, manufacture, marketing and distribution of veterinary instruments, pharmaceuticals, vaccines, topicals, diagnostic products, a range of agricultural biosecurity products such as rodent control, cleaners, disinfectants and insect control and genomics services. According to our NEOG split history records, Neogen has had 7 splits. | |
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Neogen (NEOG) has 7 splits in our NEOG split history database. The first split for NEOG took place on January 02, 2004. This was a 5 for 4 split, meaning for each 4 shares of NEOG owned pre-split, the shareholder now owned 5 shares. For example, a 1000 share position pre-split, became a 1250 share position following the split. NEOG's second split took place on September 04, 2007. NEOG's third split took place on September 05, 2007. This was a 3 for 2 split, meaning for each 2 shares of NEOG owned pre-split, the shareholder now owned 3 shares. For example, a 1250 share position pre-split, became a 1875 share position following the split. NEOG's 4th split took place on December 16, 2009. This was a 3 for 2 split, meaning for each 2 shares of NEOG owned pre-split, the shareholder now owned 3 shares. For example, a 1875 share position pre-split, became a 2812.5 share position following the split. NEOG's 5th split took place on October 31, 2013. This was a 3 for 2 split, meaning for each 2 shares of NEOG owned pre-split, the shareholder now owned 3 shares. For example, a 2812.5 share position pre-split, became a 4218.75 share position following the split. NEOG's 6th split took place on January 02, 2018. This was a 1333 for 1000 split, meaning for each 1000 shares of NEOG owned pre-split, the shareholder now owned 1333 shares. For example, a 4218.75 share position pre-split, became a 5623.59375 share position following the split. NEOG's 7th split took place on June 07, 2021. This was a 2 for 1 split, meaning for each share of NEOG owned pre-split, the shareholder now owned 2 shares. For example, a 5623.59375 share position pre-split, became a 11247.1875 share position following the split.
When a company such as Neogen 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 NEOG split history from start to finish, an original position size of 1000 shares would have turned into 11247.1875 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Neogen shares, starting with a $10,000 purchase of NEOG, presented on a split-history-adjusted basis factoring in the complete NEOG split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/18/2024 |
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| Start price/share: |
$16.24 |
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| End price/share: |
$11.93 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-26.54% |
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| Average Annual Total Return: |
-3.04% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$7,344.51 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 01/02/2004 | 5 for 4 | | 09/04/2007 | 1 for 1 | | 09/05/2007 | 3 for 2 | | 12/16/2009 | 3 for 2 | | 10/31/2013 | 3 for 2 | | 01/02/2018 | 1333 for 1000 | | 06/07/2021 | 2 for 1 |
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