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Video: What is a Stock Split?
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Tennant Co. is engaged in designing, manufacturing and marketing solutions. Co.'s products include floor maintenance and cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, and asset management solutions. Its products are used in many types of environments, including factories and warehouses, distribution centers, office buildings, public venues, such as arenas and stadiums, schools and universities, hospitals and clinics, and more. Co. markets its offerings under various brands: Tennant, Nobles, Alfa Uma Empresa Tennant, IPC, Gaomei and Rongen brands as well as private-label brands. According to our TNC split history records, Tennant has had 1 split. | |
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Tennant (TNC) has 1 split in our TNC split history database. The split for TNC took place on July 26, 2006. This was a 2 for 1 split, meaning for each share of TNC owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as Tennant 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 TNC split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Tennant shares, starting with a $10,000 purchase of TNC, presented on a split-history-adjusted basis factoring in the complete TNC split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
12/11/2014 |
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End date: |
12/09/2024 |
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Start price/share: |
$68.05 |
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End price/share: |
$85.51 |
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Starting shares: |
146.95 |
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Ending shares: |
167.34 |
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Dividends reinvested/share: |
$9.23 |
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Total return: |
43.09% |
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Average Annual Total Return: |
3.65% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$14,313.17 |
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Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
12/11/2014 |
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End date: |
12/09/2024 |
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Start price/share: |
$68.05 |
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End price/share: |
$85.51 |
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Dividends collected/share: |
$9.23 |
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Total return: |
39.23% |
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Average Annual Total Return: |
3.36% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$13,917.60 |
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Years: |
10.00 |
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Date |
Ratio |
07/26/2006 | 2 for 1 |
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