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 Video: What is a Stock Split?
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| PMFG is a holding company. Co. provides custom-engineered systems and products for the delivery of energy. Co. provides a range of separation and filtration products, selective catalytic reduction systems, selective non-catalytic reduction systems, low emissions burner and related combustion systems and other products including heat transfer equipment, pulsation dampeners and silencers. Co. has two reporting segments: process products, which produces systems and products that remove contaminants from gases and liquids; and environmental systems, which designs, engineers and installs systems for combustion modification, fuel conversions and post-combustion nitrogen oxide control. According to our PMFG split history records, PMFG has had 4 splits. | |
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PMFG (PMFG) has 4 splits in our PMFG split history database. The first split for PMFG took place on July 23, 1990. This was a 3 for 2
split, meaning for each 2
shares of PMFG 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. PMFG's second split took place on October 19, 2001. This was a 2 for 1 split, meaning for each share of PMFG 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. PMFG's third split took place on June 08, 2007. This was a 2 for 1 split, meaning for each share of PMFG 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. PMFG's 4th split took place on August 18, 2008. This was a 2 for 1 split, meaning for each share of PMFG 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 PMFG 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 PMFG 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 PMFG shares, starting with a $10,000 purchase of PMFG, presented on a split-history-adjusted basis factoring in the complete PMFG split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
09/17/2014 |
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| End date: |
09/03/2015 |
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| Start price/share: |
$5.36 |
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| End price/share: |
$6.16 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
14.93% |
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| Annualized Gain: |
15.52% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,493.00 |
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| Years: |
0.96 |
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| Date |
Ratio |
| 07/23/1990 | 3 for 2
| | 10/19/2001 | 2 for 1 | | 06/08/2007 | 2 for 1 | | 08/18/2008 | 2 for 1 |
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