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 Video: What is a Stock Split?
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| West Marine is a holding company. Through its subsidiaries, Co. is engaged as a waterlife outfitter for cruisers, sailors, anglers and paddlesports enthusiasts. Co.'s merchandise include boating products, such as maintenance, electronics, sailboat hardware, anchors/docking/moorings, engine systems, safety, electrical, plumbing, boats/outboards, ventilation, deck hardware/fasteners, navigation, trailering, seating/boat covers and barbecues/appliances; and merchandise expansion products, such as apparel, footwear, clothing accessories, fishing, watersports, paddlesports, coolers, and waterlife lifestyle accessories. At Dec 31 2016, Co. had 254 stores in 38 states, Puerto Rico and Canada. According to our WMAR split history records, WMAR has had 1 split. | |
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WMAR (WMAR) has 1 split in our WMAR split history database. The split for WMAR took place on August 01, 1996. This was a 2 for 1
split, meaning for each share of WMAR 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.
When a company such as WMAR 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 WMAR split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into WMAR shares, starting with a $10,000 purchase of WMAR, presented on a split-history-adjusted basis factoring in the complete WMAR split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/07/2014 |
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| End date: |
09/14/2017 |
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| Start price/share: |
$8.84 |
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| End price/share: |
$12.97 |
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| Starting shares: |
1,131.22 |
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| Ending shares: |
1,136.58 |
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| Dividends reinvested/share: |
$0.05 |
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| Total return: |
47.41% |
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| Average Annual Total Return: |
14.11% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,740.63 |
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| Years: |
2.94 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/07/2014 |
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| End date: |
09/14/2017 |
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| Start price/share: |
$8.84 |
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| End price/share: |
$12.97 |
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| Dividends collected/share: |
$0.05 |
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| Total return: |
47.29% |
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| Average Annual Total Return: |
14.08% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,729.24 |
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| Years: |
2.94 |
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| Date |
Ratio |
| 08/01/1996 | 2 for 1
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