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 Video: What is a Stock Split?
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| Publisher producer and distributor of books emphasizing Christian inspirational and family value themes and a commercial publisher of the Bible in English language translations. According to our TNM split history records, TNM has had 2 splits. | |
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TNM (TNM) has 2 splits in our TNM split history database. The first split for TNM took place on October 01, 1992. This was a 3 for 2
split, meaning for each 2
shares of TNM 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. TNM's second split took place on March 27, 1995. This was a 5 for 4
split, meaning for each 4
shares of TNM owned pre-split, the shareholder now owned 5 shares. For example, a 1500 share position pre-split, became a 1875 share position following the split.
When a company such as TNM 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 TNM split history from start to finish, an original position size of 1000 shares would have turned into 1875 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into TNM shares, starting with a $10,000 purchase of TNM, presented on a split-history-adjusted basis factoring in the complete TNM split history.
TNM -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 10/01/1992 | 3 for 2
| | 03/27/1995 | 5 for 4
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