Split History
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Sonic, through its subsidiaries, operates and franchises a chain of drive-in restaurants (Sonic Drive-Ins) in the U.S. Co.'s food items include specialty drinks (such as cherry limeades and slushes), ice cream desserts, made-to-order cheeseburgers, chicken entrees ranging from sandwiches to boneless wings, a variety of hot dogs including six-inch beef hot dogs and footlong quarter pound coneys, hand-made onion rings and tater tots. Sonic Drive-Ins also provides breakfast items that include a variety of breakfast burritos and serves the full menu all day. According to our SONC split history records, Sonic has had 6 splits.
SONC split history picture
Sonic (SONC) has 6 splits in our SONC split history database. The first split for SONC took place on August 11, 1995. This was a 3 for 2 split, meaning for each 2 shares of SONC 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. SONC's second split took place on May 15, 1998. This was a 3 for 2 split, meaning for each 2 shares of SONC 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. SONC's third split took place on December 01, 2000. This was a 3 for 2 split, meaning for each 2 shares of SONC 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. SONC's 4th split took place on February 11, 2002. This was a 3 for 2 split, meaning for each 2 shares of SONC 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. SONC's 5th split took place on May 24, 2004. This was a 3 for 2 split, meaning for each 2 shares of SONC 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. SONC's 6th split took place on May 01, 2006. This was a 3 for 2 split, meaning for each 2 shares of SONC owned pre-split, the shareholder now owned 3 shares. For example, a 7593.75 share position pre-split, became a 11390.625 share position following the split.

When a company such as Sonic 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 SONC split history from start to finish, an original position size of 1000 shares would have turned into 11390.625 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Sonic shares, starting with a $10,000 purchase of SONC, presented on a split-history-adjusted basis factoring in the complete SONC split history. SONC split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 02/23/2009
End date: 12/07/2018
Start price/share: $8.75
End price/share: $43.49
Starting shares: 1,142.86
Ending shares: 1,230.64
Dividends reinvested/share: $2.00
Total return: 435.21%
Average Annual Total Return: 18.69%
Starting investment: $10,000.00
Ending investment: $53,536.11
Years: 9.79
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 02/23/2009
End date: 12/07/2018
Start price/share: $8.75
End price/share: $43.49
Dividends collected/share: $2.00
Total return: 419.89%
Average Annual Total Return: 18.33%
Starting investment: $10,000.00
Ending investment: $51,967.15
Years: 9.79
Date Ratio
08/11/19953 for 2
05/15/19983 for 2
12/01/20003 for 2
02/11/20023 for 2
05/24/20043 for 2
05/01/20063 for 2
SONC is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:

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