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Video: What is a Stock Split?


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Penford is a developer, manufacturer and marketer of natural-based ingredient systems for food and industrial applications, including fuel grade ethanol. Co. operates in two business segments: Industrial Ingredients and Food Ingredients. Each of Co.'s businesses utilizes its carbohydrate chemistry to develop starch-based ingredients. Co.'s Industrial Ingredients segment is a supplier of chemically modified starches to the paper and packaging industries. This segment also produces food grade corn starch for sale by Co.'s Food Ingredients business. Co.'s Food Ingredients segment is a developer and manufacturer of starches and dextrins to the food manufacturing and food service industries. According to our PENX split history records, PENX has had 1 split.
PENX split history picture
PENX (PENX) has 1 split in our PENX split history database. The split for PENX took place on March 22, 1990. This was a 3 for 2 split, meaning for each 2 shares of PENX 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.

When a company such as PENX 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 PENX split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PENX shares, starting with a $10,000 purchase of PENX, presented on a split-history-adjusted basis factoring in the complete PENX split history. PENX split adjusted history picture

Growth of $10,000.00
Without Dividends Reinvested

Start date: 10/29/2010
End date: 03/11/2015
Start price/share: $5.94
End price/share: $18.98
Dividends collected/share: $0.00
Total return: 219.53%
Average Annual Total Return: 30.47%
Starting investment: $10,000.00
Ending investment: $31,948.41
Years: 4.37
Date Ratio
03/22/19903 for 2
PENX is categorized under the Consumer sector; below are some other companies in the same sector that also have a history of stock splits:

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Rush Enterprises, Inc. (RUSHB)
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Silver Bull Resources, Inc. (SVB.CA)
Eagle Bulk Shipping Inc. (EGLE)
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