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 Video: What is a Stock Split?
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| Brown-Forman primarily manufactures, distills, bottles, imports, exports, markets, and sells a variety of beverage alcohol products under recognized brands. Co. has built a portfolio of various spirit, ready-to-drink (RTD) cocktail, and wine brands. Co.'s principal brands include: Jack Daniel's Tennessee Whiskey; Jack Daniel's RTD; Jack Daniel's Tennessee Honey; Gentleman Jack Rare Tennessee Whiskey; Jack Daniel's Tennessee Fire; Jack Daniel's Tennessee Apple; Jack Daniel's Single Barrel Collection; Jack Daniel's Tennessee Rye; Jack Daniel's Winter Jack; Jack Daniel's Sinatra Select; Jack Daniel's Bonded; Jack Daniel's No. 27 Gold Tennessee Whiskey; and Jack Daniel's Bottled-in-Bond. According to our Brown-Forman stock split history records, Brown-Forman has had 3 splits. | |
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Brown-Forman (BF.B) has 3 splits in our Brown-Forman stock split history database. The first split for BF.B took place on August 13, 2012. This was a 3 for 2 split, meaning for each 2 shares of BF.B 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. BF.B's second split took place on August 19, 2016. This was a 2 for 1 split, meaning for each share of BF.B owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split. BF.B's third split took place on March 01, 2018. This was a 5 for 4 split, meaning for each 4 shares of BF.B owned pre-split, the shareholder now owned 5 shares. For example, a 3000 share position pre-split, became a 3750 share position following the split.
When a company such as Brown-Forman 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 Brown-Forman stock split history from start to finish, an original position size of 1000 shares would have turned into 3750 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Brown-Forman shares, starting with a $10,000 purchase of BF.B, presented on a split-history-adjusted basis factoring in the complete Brown-Forman stock split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
06/11/2013 |
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| End date: |
06/09/2023 |
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| Start price/share: |
$27.99 |
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| End price/share: |
$64.34 |
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| Starting shares: |
357.27 |
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| Ending shares: |
417.24 |
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| Dividends reinvested/share: |
$8.28 |
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| Total return: |
168.45% |
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| Average Annual Total Return: |
10.38% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$26,847.50 |
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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: |
06/11/2013 |
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| End date: |
06/09/2023 |
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| Start price/share: |
$27.99 |
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| End price/share: |
$64.34 |
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| Dividends collected/share: |
$8.28 |
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| Total return: |
159.46% |
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| Average Annual Total Return: |
10.00% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$25,937.42 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 08/13/2012 | 3 for 2 | | 08/19/2016 | 2 for 1 | | 03/01/2018 | 5 for 4 |
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