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 Video: What is a Stock Split?
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| UniFirst Corporation provides workplace uniforms and protective work wear clothing in the U.S.. Co. operates through five segments: The U.S. and Canadian Rental and Cleaning, Manufacturing (MFG), Specialty Garments Rental and Cleaning (Specialty Garments), First Aid and Corporate. The U.S. and Canadian Rental and Cleaning segment purchases, rents, cleans, delivers, and sells, uniforms and protective clothing and non-garment items in the U.S. and Canada. The MFG segment designs and manufactures uniforms and non-garment items primarily for the purpose of providing these goods to the U.S. and Canadian Rental and Cleaning segment. According to our UNF split history records, Unifirst has had 2 splits. | |
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Unifirst (UNF) has 2 splits in our UNF split history database. The first split for UNF took place on December 04, 1989. This was a 2 for 1
split, meaning for each share of UNF 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. UNF's second split took place on January 20, 1994. This was a 2 for 1
split, meaning for each share of UNF owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as Unifirst 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 UNF split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Unifirst shares, starting with a $10,000 purchase of UNF, presented on a split-history-adjusted basis factoring in the complete UNF split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
01/20/2016 |
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| End date: |
01/16/2026 |
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| Start price/share: |
$102.09 |
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| End price/share: |
$209.80 |
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| Starting shares: |
97.95 |
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| Ending shares: |
102.65 |
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| Dividends reinvested/share: |
$8.54 |
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| Total return: |
115.35% |
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| Average Annual Total Return: |
7.98% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$21,544.77 |
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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: |
01/20/2016 |
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| End date: |
01/16/2026 |
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| Start price/share: |
$102.09 |
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| End price/share: |
$209.80 |
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| Dividends collected/share: |
$8.54 |
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| Total return: |
113.88% |
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| Average Annual Total Return: |
7.90% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$21,385.72 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 12/04/1989 | 2 for 1
| | 01/20/1994 | 2 for 1
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