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Video: What is a Stock Split?
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The Company owns and operates the Ruby Tuesday concept in the bar and grill segment of casual dining. It also offers franchises for the Ruby Tuesday concept in domestic and international markets. According to our RI split history records, RI has had 4 splits. | |
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RI (RI) has 4 splits in our RI split history database. The first split for RI took place on May 01, 1992. This was a 3 for 2
split, meaning for each 2
shares of RI 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. RI's second split took place on November 01, 1993. This was a 3 for 2
split, meaning for each 2
shares of RI 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. RI's third split took place on May 11, 1998. This was a 2 for 1
split, meaning for each share of RI 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. RI's 4th split took place on May 22, 2000. This was a 2 for 1
split, meaning for each share of RI 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 RI 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 RI 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 RI shares, starting with a $10,000 purchase of RI, presented on a split-history-adjusted basis factoring in the complete RI split history.
RI -- use the split history when considering split-adjusted past price performance. |
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Date |
Ratio |
05/01/1992 | 3 for 2
| 11/01/1993 | 3 for 2
| 05/11/1998 | 2 for 1
| 05/22/2000 | 2 for 1
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