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 Video: What is a Stock Split?
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| Orchids Paper Products is a supplier of tissue products. Co. produces bulk tissue paper, known as parent rolls, and converts parent rolls into finished products, including paper towels, bathroom tissue and paper napkins. Co. sells parent rolls not required by its converting operation to other converters. Co. sells some of its tissue products under its various brand names, including Orchids Supreme®, Clean Scents®, Tackle®, Colortex®, My Size®, Velvet®, and Big Mopper®. Co. also sells tissue products under brand names licensed from Fabrica de Papel San Francisco, S.A. de C.V., such as Virtue®, Truly Green®, Golden Gate Paper® and Big Quality®. According to our TIS split history records, TIS has had 1 split. | |
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TIS (TIS) has 1 split in our TIS split history database. The split for TIS took place on July 24, 2006. This was a 3 for 2 split, meaning for each 2 shares of TIS 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.
When a company such as TIS 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 TIS split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into TIS shares, starting with a $10,000 purchase of TIS, presented on a split-history-adjusted basis factoring in the complete TIS split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
09/16/2014 |
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| End date: |
04/01/2019 |
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| Start price/share: |
$25.50 |
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| End price/share: |
$1.24 |
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| Starting shares: |
392.16 |
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| Ending shares: |
445.90 |
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| Dividends reinvested/share: |
$3.50 |
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| Total return: |
-94.47% |
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| Average Annual Total Return: |
-47.13% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$552.95 |
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| Years: |
4.54 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
09/16/2014 |
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| End date: |
04/01/2019 |
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| Start price/share: |
$25.50 |
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| End price/share: |
$1.24 |
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| Dividends collected/share: |
$3.50 |
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| Total return: |
-81.41% |
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| Average Annual Total Return: |
-30.96% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$1,858.32 |
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| Years: |
4.54 |
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| Date |
Ratio |
| 07/24/2006 | 3 for 2 |
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