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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 WD-40 stock split history records, WD-40 has had 3 splits. | |
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WD-40 (WDFC) has 3 splits in our WD-40 stock 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 WD-40 stock 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 WD-40 stock split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
05/06/2014 |
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End date: |
05/02/2024 |
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Start price/share: |
$71.53 |
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End price/share: |
$230.71 |
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Starting shares: |
139.80 |
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Ending shares: |
163.12 |
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Dividends reinvested/share: |
$23.43 |
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Total return: |
276.33% |
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Average Annual Total Return: |
14.18% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$37,648.06 |
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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: |
05/06/2014 |
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End date: |
05/02/2024 |
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Start price/share: |
$71.53 |
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End price/share: |
$230.71 |
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Dividends collected/share: |
$23.43 |
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Total return: |
255.29% |
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Average Annual Total Return: |
13.52% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$35,528.18 |
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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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