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 Video: What is a Stock Split?
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| Lennar Corporation is a homebuilder and an originator of residential and commercial mortgage loans. Co. is also a provider of title insurance and closing services, and a developer of multifamily rental properties. Co.'s segments include Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily and Lennar others. Its Homebuilding segments primarily include the construction and sale of single-family attached and detached homes, as well as the purchase, development and sale of residential land directly and through its unconsolidated entities. According to our Lennar stock split history records, Lennar has had 4 splits. | |
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Lennar (LEN) has 4 splits in our Lennar stock split history database. The first split for LEN took place on February 26, 1992. This was a 2 for 1
split, meaning for each share of LEN 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. LEN's second split took place on April 21, 1994. This was a 3 for 2
split, meaning for each 2
shares of LEN 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. LEN's third split took place on January 21, 2004. This was a 2 for 1 split, meaning for each share of LEN owned pre-split, the shareholder now owned 2 shares. For example, a 3000 share position pre-split, became a 6000 share position following the split. LEN's 4th split took place on November 09, 2017. This was a 1017 for 1000 split, meaning for each 1000 shares of LEN owned pre-split, the shareholder now owned 1017 shares. For example, a 6000 share position pre-split, became a 6102 share position following the split.
When a company such as Lennar 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 Lennar stock split history from start to finish, an original position size of 1000 shares would have turned into 6102 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Lennar shares, starting with a $10,000 purchase of LEN, presented on a split-history-adjusted basis factoring in the complete Lennar stock split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
01/21/2015 |
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| End date: |
01/16/2025 |
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| Start price/share: |
$42.55 |
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| End price/share: |
$140.69 |
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| Starting shares: |
235.02 |
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| Ending shares: |
254.95 |
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| Dividends reinvested/share: |
$7.42 |
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| Total return: |
258.68% |
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| Average Annual Total Return: |
13.63% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$35,861.30 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
01/21/2015 |
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| End date: |
01/16/2025 |
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| Start price/share: |
$42.55 |
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| End price/share: |
$140.69 |
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| Dividends collected/share: |
$7.42 |
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| Total return: |
248.08% |
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| Average Annual Total Return: |
13.29% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$34,803.17 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 02/26/1992 | 2 for 1
| | 04/21/1994 | 3 for 2
| | 01/21/2004 | 2 for 1 | | 11/09/2017 | 1017 for 1000 |
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