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 Video: What is a Stock Split?
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| Designs develops manufactures and services products and systems used in end-to-end enterprise mobility solutions. Products and solutions capture move and manage information in real time to assist customers in making more efficient business decision. According to our SBL split history records, SBL has had 5 splits. | |
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SBL (SBL) has 5 splits in our SBL split history database. The first split for SBL took place on April 02, 1997. This was a 3 for 2
split, meaning for each 2
shares of SBL 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. SBL's second split took place on April 06, 1998. This was a 3 for 2
split, meaning for each 2
shares of SBL 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. SBL's third split took place on June 15, 1999. This was a 3 for 2
split, meaning for each 2
shares of SBL owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split. SBL's 4th split took place on April 06, 2000. This was a 3 for 2
split, meaning for each 2
shares of SBL owned pre-split, the shareholder now owned 3 shares. For example, a 3375 share position pre-split, became a 5062.5 share position following the split. SBL's 5th split took place on April 17, 2001. This was a 3 for 2 split, meaning for each 2 shares of SBL owned pre-split, the shareholder now owned 3 shares. For example, a 5062.5 share position pre-split, became a 7593.75 share position following the split.
When a company such as SBL 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 SBL split history from start to finish, an original position size of 1000 shares would have turned into 7593.75 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SBL shares, starting with a $10,000 purchase of SBL, presented on a split-history-adjusted basis factoring in the complete SBL split history.
SBL -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 04/02/1997 | 3 for 2
| | 04/06/1998 | 3 for 2
| | 06/15/1999 | 3 for 2
| | 04/06/2000 | 3 for 2
| | 04/17/2001 | 3 for 2 |
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