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 Video: What is a Stock Split?
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| Raven Industries is a technology company providing a range of products to customers within the industrial, agricultural, geomembrane, construction, commercial lighter-than-air and aerospace/defense markets. Co. has three reportable segments: Applied Technology Division, which includes application controls, GPS-guidance steering systems, field computers, automatic boom controls, information management tools, and injection systems; Engineered Films Division, which produces plastic films and sheeting for geomembrane, agricultural, construction, and industrial applications; Aerostar Division, which provides products that include stratospheric platforms, technical services, and radar systems. According to our RAVN split history records, RAVN has had 4 splits. | |
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RAVN (RAVN) has 4 splits in our RAVN split history database. The first split for RAVN took place on October 16, 1992. This was a 3 for 2
split, meaning for each 2
shares of RAVN 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. RAVN's second split took place on July 16, 2001. This was a 3 for 2 split, meaning for each 2 shares of RAVN owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. RAVN's third split took place on January 16, 2003. This was a 2 for 1 split, meaning for each share of RAVN owned pre-split, the shareholder now owned 2 shares. For example, a 2250 share position pre-split, became a 4500 share position following the split. RAVN's 4th split took place on October 18, 2004. This was a 2 for 1 split, meaning for each share of RAVN owned pre-split, the shareholder now owned 2 shares. For example, a 4500 share position pre-split, became a 9000 share position following the split.
When a company such as RAVN 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 RAVN split history from start to finish, an original position size of 1000 shares would have turned into 9000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into RAVN shares, starting with a $10,000 purchase of RAVN, presented on a split-history-adjusted basis factoring in the complete RAVN split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/11/2014 |
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| End date: |
11/30/2021 |
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| Start price/share: |
$22.37 |
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| End price/share: |
$58.08 |
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| Starting shares: |
447.03 |
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| Ending shares: |
502.02 |
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| Dividends reinvested/share: |
$2.99 |
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| Total return: |
191.57% |
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| Average Annual Total Return: |
16.58% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$29,155.84 |
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| Years: |
6.98 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/11/2014 |
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| End date: |
11/30/2021 |
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| Start price/share: |
$22.37 |
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| End price/share: |
$58.08 |
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| Dividends collected/share: |
$2.99 |
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| Total return: |
173.00% |
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| Average Annual Total Return: |
15.49% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$27,306.65 |
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| Years: |
6.98 |
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| Date |
Ratio |
| 10/16/1992 | 3 for 2
| | 07/16/2001 | 3 for 2 | | 01/16/2003 | 2 for 1 | | 10/18/2004 | 2 for 1 |
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