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Video: What is a Stock Split?
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Patrick Industries is a component solutions provider for the recreational vehicle, marine, manufactured housing and various industrial markets. Co. operates within two reportable segments: Manufacturing, which includes laminated products that are utilized to produce furniture, shelving, walls, countertops and cabinet products, cabinet doors, and fiberglass bath fixtures and tile systems; and Distribution, which includes the distribution of pre-finished wall and ceiling panels, drywall and drywall finishing products, electronics and audio systems components, appliances, marine accessories and components, wiring, electrical and plumbing products, and fiber reinforced polyester products. According to our PATK split history records, Patrick Industries has had 5 splits. | |
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Patrick Industries (PATK) has 5 splits in our PATK split history database. The first split for PATK took place on June 10, 1993. This was a 3 for 2
split, meaning for each 2
shares of PATK owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. PATK's second split took place on March 23, 1994. This was a 2 for 1
split, meaning for each share of PATK owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split. PATK's third split took place on June 01, 2015. This was a 3 for 2 split, meaning for each 2 shares of PATK owned pre-split, the shareholder now owned 3 shares. For example, a 3000 share position pre-split, became a 4500 share position following the split. PATK's 4th split took place on December 11, 2017. This was a 3 for 2 split, meaning for each 2 shares of PATK owned pre-split, the shareholder now owned 3 shares. For example, a 4500 share position pre-split, became a 6750 share position following the split. PATK's 5th split took place on January 11, 2018.
When a company such as Patrick 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 PATK split history from start to finish, an original position size of 1000 shares would have turned into 6750 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Patrick Industries shares, starting with a $10,000 purchase of PATK, presented on a split-history-adjusted basis factoring in the complete PATK split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/25/2014 |
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End date: |
04/23/2024 |
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Start price/share: |
$18.66 |
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End price/share: |
$108.46 |
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Starting shares: |
535.91 |
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Ending shares: |
584.25 |
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Dividends reinvested/share: |
$6.01 |
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Total return: |
533.68% |
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Average Annual Total Return: |
20.27% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$63,356.72 |
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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: |
04/25/2014 |
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End date: |
04/23/2024 |
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Start price/share: |
$18.66 |
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End price/share: |
$108.46 |
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Dividends collected/share: |
$6.01 |
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Total return: |
513.45% |
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Average Annual Total Return: |
19.88% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$61,331.43 |
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Years: |
10.00 |
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Date |
Ratio |
06/10/1993 | 3 for 2
| 03/23/1994 | 2 for 1
| 06/01/2015 | 3 for 2 | 12/11/2017 | 3 for 2 | 01/11/2018 | 1 for 1 |
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