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 Video: What is a Stock Split?
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| Polaris designs, engineers and manufactures powersports vehicles which include: off-road vehicles (ORV), including all-terrain vehicles and side-by-side vehicles; snowmobiles; motorcycles; moto-roadsters; quadricicycles; and boats. Co. also designs and manufactures or sources parts, garments and accessories, which includes aftermarket accessories and apparel. Co. operates in three business segments; Off Road, which primarily consists of ORVs and snowmobiles; On Road, which designs and manufactures motorcycles, moto-roadsters, light duty hauling, and passenger vehicles; and Marine, which designs and manufactures boats in main segments, including pontoon and deck boats. According to our PII split history records, Polaris has had 4 splits. | |
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Polaris (PII) has 4 splits in our PII split history database. The first split for PII took place on August 19, 1993. This was a 2 for 1
split, meaning for each share of PII owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. PII's second split took place on October 18, 1995. This was a 3 for 2
split, meaning for each 2
shares of PII owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 3000 share position following the split. PII's third split took place on March 09, 2004. This was a 2 for 1 split, meaning for each share of PII owned pre-split, the shareholder now owned 2 shares. For example, a 3000 share position pre-split, became a 6000 share position following the split. PII's 4th split took place on September 13, 2011. This was a 2 for 1 split, meaning for each share of PII owned pre-split, the shareholder now owned 2 shares. For example, a 6000 share position pre-split, became a 12000 share position following the split.
When a company such as Polaris 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 PII split history from start to finish, an original position size of 1000 shares would have turned into 12000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Polaris shares, starting with a $10,000 purchase of PII, presented on a split-history-adjusted basis factoring in the complete PII split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
09/24/2013 |
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| End date: |
09/21/2023 |
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| Start price/share: |
$125.54 |
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| End price/share: |
$104.45 |
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| Starting shares: |
79.66 |
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| Ending shares: |
99.26 |
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| Dividends reinvested/share: |
$23.33 |
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| Total return: |
3.68% |
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| Average Annual Total Return: |
0.36% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$10,365.79 |
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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: |
09/24/2013 |
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| End date: |
09/21/2023 |
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| Start price/share: |
$125.54 |
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| End price/share: |
$104.45 |
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| Dividends collected/share: |
$23.33 |
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| Total return: |
1.78% |
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| Average Annual Total Return: |
0.18% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$10,181.41 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 08/19/1993 | 2 for 1
| | 10/18/1995 | 3 for 2
| | 03/09/2004 | 2 for 1 | | 09/13/2011 | 2 for 1 |
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