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 Video: What is a Stock Split?
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| Research Frontiers is engaged in the development and marketing of technology and devices to control the flow of light. Co. develops and licenses its patented suspended particle device (SPD-Smart) light-control technology to other companies that manufacture and/or market the: SPD-Smart chemical emulsion, light-control film made from the chemical emulsion, the light-control panels made by laminating the film, electronics to power end-products incorporating the film, or lamination services for, and the end-products themselves such as smart windows, skylights and sunroofs. Co.'s product applications for SPD-Smart glass or plastic include automotive, aerospace and marine; and architectural. According to our REFR split history records, Research Frontiers has had 1 split. | |
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Research Frontiers (REFR) has 1 split in our REFR split history database. The split for REFR took place on February 16, 1994. This was a 5 for 4
split, meaning for each 4
shares of REFR owned pre-split, the shareholder now owned 5 shares. For example, a 1000 share position pre-split, became a 1250 share position following the split.
When a company such as Research Frontiers 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 REFR split history from start to finish, an original position size of 1000 shares would have turned into 1250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Research Frontiers shares, starting with a $10,000 purchase of REFR, presented on a split-history-adjusted basis factoring in the complete REFR split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/07/2013 |
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| End date: |
10/03/2023 |
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| Start price/share: |
$4.28 |
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| End price/share: |
$1.06 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-75.23% |
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| Average Annual Total Return: |
-13.03% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$2,477.58 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 02/16/1994 | 5 for 4
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