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 Video: What is a Stock Split?
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| Twin Disc designs, manufactures and sells marine and heavy duty off-highway power transmission equipment. Co.'s products include: marine transmissions, azimuth drives, surface drives, propellers and boat management systems as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems. Co. sells its products to customers primarily in the pleasure craft, commercial and military marine markets, as well as in the energy and natural resources, government and industrial markets. Co.'s sales to both domestic and foreign customers are transacted through a direct sales force and a distributor network. According to our TWIN split history records, Twin Disc has had 3 splits. | |
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Twin Disc (TWIN) has 3 splits in our TWIN split history database. The first split for TWIN took place on September 09, 1997. This was a 3 for 2
split, meaning for each 2
shares of TWIN 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. TWIN's second split took place on April 03, 2006. This was a 2 for 1 split, meaning for each share of TWIN owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split. TWIN's third split took place on January 02, 2008. This was a 2 for 1 split, meaning for each share of TWIN owned pre-split, the shareholder now owned 2 shares. For example, a 3000 share position pre-split, became a 6000 share position following the split.
When a company such as Twin Disc 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 TWIN split history from start to finish, an original position size of 1000 shares would have turned into 6000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Twin Disc shares, starting with a $10,000 purchase of TWIN, presented on a split-history-adjusted basis factoring in the complete TWIN split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
09/12/2014 |
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| End date: |
09/10/2024 |
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| Start price/share: |
$28.70 |
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| End price/share: |
$12.24 |
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| Starting shares: |
348.43 |
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| Ending shares: |
362.26 |
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| Dividends reinvested/share: |
$0.61 |
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| Total return: |
-55.66% |
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| Average Annual Total Return: |
-7.81% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$4,433.45 |
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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: |
09/12/2014 |
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| End date: |
09/10/2024 |
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| Start price/share: |
$28.70 |
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| End price/share: |
$12.24 |
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| Dividends collected/share: |
$0.61 |
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| Total return: |
-55.23% |
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| Average Annual Total Return: |
-7.72% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$4,476.93 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 09/09/1997 | 3 for 2
| | 04/03/2006 | 2 for 1 | | 01/02/2008 | 2 for 1 |
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