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 Video: What is a Stock Split?
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| WD-40 is a global marketing organization that develops and sells products used in workshops, factories and homes. Co.'s products include: maintenance products, which include both multi-purpose maintenance products and specialty maintenance products that provide end users with a variety of product and delivery system options such as WD-40® Multi-Use Product, WD-40 Specialist®, 3-IN-ONE® and GT85®; and homecare and cleaning products, which are sold in certain locations worldwide and include a portfolio of brands such as X-14®, 2000 Flushes®, Carpet Fresh®, no vac®, Spot Shot®, 1001®, Lava® and Solvol®. Co.'s products are sold mainly through warehouse club stores, hardware stores and others. According to our WDFC split history records, WD-40 has had 3 splits. | |
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WD-40 (WDFC) has 3 splits in our WDFC split history database. The first split for WDFC took place on October 03, 1978. This was a 2 for 1 split, meaning for each share of WDFC 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. WDFC's second split took place on August 01, 1997. This was a 2 for 1 split, meaning for each share of WDFC 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. WDFC's third split took place on May 02, 1983. This was a 3 for 1 split, meaning for each share of WDFC owned pre-split, the shareholder now owned 3 shares. For example, a 4000 share position pre-split, became a 12000 share position following the split.
When a company such as WD-40 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 WDFC split history from start to finish, an original position size of 1000 shares would have turned into 12000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into WD-40 shares, starting with a $10,000 purchase of WDFC, presented on a split-history-adjusted basis factoring in the complete WDFC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/07/2013 |
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| End date: |
10/04/2023 |
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| Start price/share: |
$61.78 |
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| End price/share: |
$201.26 |
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| Starting shares: |
161.86 |
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| Ending shares: |
189.38 |
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| Dividends reinvested/share: |
$21.83 |
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| Total return: |
281.14% |
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| Average Annual Total Return: |
14.32% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$38,112.10 |
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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: |
10/07/2013 |
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| End date: |
10/04/2023 |
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| Start price/share: |
$61.78 |
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| End price/share: |
$201.26 |
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| Dividends collected/share: |
$21.83 |
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| Total return: |
261.10% |
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| Average Annual Total Return: |
13.70% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$36,095.40 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 10/03/1978 | 2 for 1 | | 08/01/1997 | 2 for 1 | | 05/02/1983 | 3 for 1 |
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