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Video: What is a Stock Split?
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NIDEC and its subsidiaries are primarily engaged in the design, development, manufacture and marketing of small precision motors, mid-size motors, machinery, electronic and optical components, and other products. Co.'s principal products are spindle motors for hard disk drives, motors for optical disk drives, small precision fans and other small motors; mid-size motors; test systems, measuring equipment, power transmission equipment, factory automation systems, card readers and industrial robots; camera shutters, camera lens units, switches, trimmer potentiometers, motor driven actuator units, processing and precision plastic mold products; and auto parts and pivot assemblies. According to our NJ split history records, NJ has had 3 splits. | |
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NJ (NJ) has 3 splits in our NJ split history database. The first split for NJ took place on January 02, 2004. This was a 4 for 1 split, meaning for each share of NJ owned pre-split, the shareholder now owned 4 shares. For example, a 1000 share position pre-split, became a 4000 share position following the split. NJ's second split took place on November 29, 2005. This was a 2 for 1 split, meaning for each share of NJ owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split. NJ's third split took place on April 08, 2014. This was a 2 for 1 split, meaning for each share of NJ owned pre-split, the shareholder now owned 2 shares. For example, a 8000 share position pre-split, became a 16000 share position following the split.
When a company such as NJ 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 NJ split history from start to finish, an original position size of 1000 shares would have turned into 16000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NJ shares, starting with a $10,000 purchase of NJ, presented on a split-history-adjusted basis factoring in the complete NJ split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/28/2014 |
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End date: |
04/29/2016 |
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Start price/share: |
$14.33 |
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End price/share: |
$18.11 |
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Dividends collected/share: |
$0.00 |
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Total return: |
26.38% |
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Average Annual Total Return: |
12.38% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$12,637.34 |
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Years: |
2.01 |
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Date |
Ratio |
01/02/2004 | 4 for 1 | 11/29/2005 | 2 for 1 | 04/08/2014 | 2 for 1 |
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