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 Video: What is a Stock Split?
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| Virco Manufacturing is engaged in the design, production and distribution of furniture. Major products include mobile tables, mobile storage equipment, desks, computer furniture, chairs, activity tables, folding chairs and folding tables. Co. has worked with designers to develop additional products for contemporary applications. Co. is a furniture and equipment supplier for convention centers and arenas; the hospitality industry with respect to banquet and meeting facilities; government facilities at the federal, state, county and municipal levels; and places of worship. Co. also sells to wholesalers, distributors, retailers and catalog retailers that serve these same markets. According to our VIRC split history records, Virco Manufacturing has had 4 splits. | |
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Virco Manufacturing (VIRC) has 4 splits in our VIRC split history database. The first split for VIRC took place on September 15, 1992. This was a 11 for 10 split, meaning for each 10 shares of VIRC owned pre-split, the shareholder now owned 11 shares. For example, a 1000 share position pre-split, became a 1100 share position following the split. VIRC's second split took place on September 14, 1993. This was a 11 for 10 split, meaning for each 10 shares of VIRC owned pre-split, the shareholder now owned 11 shares. For example, a 1100 share position pre-split, became a 1210 share position following the split. VIRC's third split took place on September 13, 1994. This was a 11 for 10 split, meaning for each 10 shares of VIRC owned pre-split, the shareholder now owned 11 shares. For example, a 1210 share position pre-split, became a 1331 share position following the split. VIRC's 4th split took place on September 14, 1995. This was a 11 for 10 split, meaning for each 10 shares of VIRC owned pre-split, the shareholder now owned 11 shares. For example, a 1331 share position pre-split, became a 1464.1 share position following the split.
When a company such as Virco Manufacturing 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 VIRC split history from start to finish, an original position size of 1000 shares would have turned into 1464.1 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Virco Manufacturing shares, starting with a $10,000 purchase of VIRC, presented on a split-history-adjusted basis factoring in the complete VIRC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/18/2024 |
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| Start price/share: |
$2.36 |
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| End price/share: |
$10.35 |
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| Starting shares: |
4,237.29 |
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| Ending shares: |
4,325.17 |
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| Dividends reinvested/share: |
$0.12 |
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| Total return: |
347.66% |
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| Average Annual Total Return: |
16.17% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$44,746.76 |
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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: |
04/22/2014 |
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| End date: |
04/18/2024 |
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| Start price/share: |
$2.36 |
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| End price/share: |
$10.35 |
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| Dividends collected/share: |
$0.12 |
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| Total return: |
343.43% |
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| Average Annual Total Return: |
16.06% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$44,324.97 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 09/15/1992 | 11 for 10 | | 09/14/1993 | 11 for 10 | | 09/13/1994 | 11 for 10 | | 09/14/1995 | 11 for 10 |
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