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Video: What is a Stock Split?
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Nomad Foods is a holding company. Through its subsidiaries, Co. is a manufacturer and distributor of frozen foods in Western Europe with a portfolio of food brands within the frozen category. Co.'s frozen food products include: fish, which includes frozen fish products such as fish fingers, coated fish and natural fish; vegetables, which include ready to cook vegetable products such as peas and spinach; meals, which include ready to cook noodles, pasta, lasagne, pancakes and other ready-made meals; poultry, which includes frozen poultry and meat products such as nuggets, grills and burgers; and others, which include other offerings such as soups, pizza, bakery goods and meat substitutes. According to our NOMD split history records, Nomad Foods has had 1 split. | |
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Nomad Foods (NOMD) has 1 split in our NOMD split history database. The split for NOMD took place on May 07, 2002. This was a 1 for 50 reverse split, meaning for each 50 shares of NOMD owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 20 share position following the split.
When a company such as Nomad Foods conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the NOMD split history from start to finish, an original position size of 1000 shares would have turned into 20 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Nomad Foods shares, starting with a $10,000 purchase of NOMD, presented on a split-history-adjusted basis factoring in the complete NOMD split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
01/05/2015 |
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End date: |
03/28/2024 |
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Start price/share: |
$10.50 |
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End price/share: |
$19.56 |
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Starting shares: |
952.38 |
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Ending shares: |
960.61 |
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Dividends reinvested/share: |
$0.15 |
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Total return: |
87.90% |
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Average Annual Total Return: |
7.07% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$18,786.15 |
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Years: |
9.23 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
01/05/2015 |
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End date: |
03/28/2024 |
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Start price/share: |
$10.50 |
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End price/share: |
$19.56 |
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Dividends collected/share: |
$0.15 |
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Total return: |
87.71% |
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Average Annual Total Return: |
7.06% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$18,769.97 |
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Years: |
9.23 |
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Date |
Ratio |
05/07/2002 | 1 for 50 |
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