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 Video: What is a Stock Split?
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| Advanced Drainage Systems is a manufacturer of water management solutions in the stormwater and onsite septic wastewater industries. Co. designs, manufactures and markets a line of thermoplastic corrugated pipe and related water management products for use in a range of end markets. Co.'s product line includes: single, double and triple wall corrugated polypropylene and polyethylene pipe, plastic leachfield chambers and systems, septic tanks and accessories, and a variety of additional water management products including: storm retention/detention and septic chambers; polyvinyl chloride drainage structures; fittings; and water quality filters and separators. According to our WMS split history records, Advanced Drainage Systems has had 3 splits. | |
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Advanced Drainage Systems (WMS) has 3 splits in our WMS split history database. The first split for WMS took place on March 02, 1992. This was a 2 for 1
split, meaning for each share of WMS 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. WMS's second split took place on June 15, 2007. This was a 3 for 2 split, meaning for each 2 shares of WMS owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 3000 share position following the split. WMS's third split took place on April 07, 1998. This was a 10000 for 1653 split, meaning for each 1653 shares of WMS owned pre-split, the shareholder now owned 10000 shares. For example, a 3000 share position pre-split, became a 18148.8203266788 share position following the split.
When a company such as Advanced Drainage Systems 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 WMS split history from start to finish, an original position size of 1000 shares would have turned into 18148.8203266788 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Advanced Drainage Systems shares, starting with a $10,000 purchase of WMS, presented on a split-history-adjusted basis factoring in the complete WMS split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
07/25/2014 |
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| End date: |
03/24/2023 |
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| Start price/share: |
$16.15 |
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| End price/share: |
$79.72 |
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| Starting shares: |
619.20 |
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| Ending shares: |
687.29 |
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| Dividends reinvested/share: |
$3.76 |
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| Total return: |
447.91% |
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| Average Annual Total Return: |
21.68% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$54,792.62 |
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| Years: |
8.67 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
07/25/2014 |
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| End date: |
03/24/2023 |
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| Start price/share: |
$16.15 |
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| End price/share: |
$79.72 |
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| Dividends collected/share: |
$3.76 |
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| Total return: |
416.90% |
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| Average Annual Total Return: |
20.86% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$51,673.28 |
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| Years: |
8.67 |
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| Date |
Ratio |
| 03/02/1992 | 2 for 1
| | 06/15/2007 | 3 for 2 | | 04/07/1998 | 10000 for 1653 |
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