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 Video: What is a Stock Split?
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| Worthington Industries is an industrial manufacturing company. Co.'s manufactured metal products include: pressure cylinders for liquefied petroleum gas, compressed natural gas, hydrogen, oxygen, refrigerant and other industrial gas storage; water well tanks for commercial and residential uses; hand torches and filled hand torch cylinders; propane-filled camping cylinders; helium-filled balloon kits; hand tools and instruments; and drywall tools and related accessories; and, through its joint ventures, complete ceiling grid solutions; laser welded blanks; light gauge steel framing for commercial and residential construction; engineered cabs, operator stations and cab components. According to our WOR split history records, Worthington Enterprises has had 3 splits. | |
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Worthington Enterprises (WOR) has 3 splits in our WOR split history database. The first split for WOR took place on October 28, 1991. This was a 3 for 2
split, meaning for each 2
shares of WOR owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. WOR's second split took place on October 25, 1993. This was a 3 for 2
split, meaning for each 2
shares of WOR owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. WOR's third split took place on December 01, 2023. This was a 1622 for 1000 split, meaning for each 1000 shares of WOR owned pre-split, the shareholder now owned 1622 shares. For example, a 2250 share position pre-split, became a 3649.5 share position following the split.
When a company such as Worthington Enterprises 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 WOR split history from start to finish, an original position size of 1000 shares would have turned into 3649.5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Worthington Enterprises shares, starting with a $10,000 purchase of WOR, presented on a split-history-adjusted basis factoring in the complete WOR 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: |
10/03/2024 |
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| Start price/share: |
$21.97 |
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| End price/share: |
$41.08 |
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| Starting shares: |
455.17 |
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| Ending shares: |
564.52 |
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| Dividends reinvested/share: |
$5.95 |
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| Total return: |
131.90% |
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| Average Annual Total Return: |
8.78% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$23,194.79 |
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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: |
10/07/2014 |
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| End date: |
10/03/2024 |
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| Start price/share: |
$21.97 |
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| End price/share: |
$41.08 |
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| Dividends collected/share: |
$5.95 |
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| Total return: |
114.05% |
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| Average Annual Total Return: |
7.91% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$21,405.55 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 10/28/1991 | 3 for 2
| | 10/25/1993 | 3 for 2
| | 12/01/2023 | 1622 for 1000 |
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