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 Video: What is a Stock Split?
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| Jefferies Financial Group is a holding company. Co.'s financial services businesses include Jefferies (investment banking and capital markets), Leucadia Asset Management (asset management), Berkadia (commercial mortgage banking, investment sales and servicing), FXCM Group, LLC (provider of online foreign exchange trading services), HomeFed (a real estate company) and Foursight Capital (vehicle finance). Co. also owns and has investments in an array of other businesses, including beef processing, insurance and consumer products, oil and gas exploration and development, automobile dealerships, fixed wireless broadband services in Italy, manufacturing, and a gold and silver mining project. According to our LUK stock split history records, LUK has had 5 splits. | |
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LUK (LUK) has 5 splits in our LUK stock split history database. The first split for LUK took place on January 11, 1993. This was a 2 for 1
split, meaning for each share of LUK 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. LUK's second split took place on November 16, 1995. This was a 2 for 1
split, meaning for each share of LUK 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. LUK's third split took place on January 03, 2005. This was a 3 for 2 split, meaning for each 2 shares of LUK owned pre-split, the shareholder now owned 3 shares. For example, a 4000 share position pre-split, became a 6000 share position following the split. LUK's 4th split took place on June 15, 2006. This was a 2 for 1 split, meaning for each share of LUK owned pre-split, the shareholder now owned 2 shares. For example, a 6000 share position pre-split, became a 12000 share position following the split. LUK's 5th split took place on February 26, 2013. This was a 1027 for 1000 split, meaning for each 1000 shares of LUK owned pre-split, the shareholder now owned 1027 shares. For example, a 12000 share position pre-split, became a 12324 share position following the split.
When a company such as LUK 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 LUK stock split history from start to finish, an original position size of 1000 shares would have turned into 12324 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into LUK shares, starting with a $10,000 purchase of LUK, presented on a split-history-adjusted basis factoring in the complete LUK stock split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
05/23/2018 |
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| Start price/share: |
$26.33 |
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| End price/share: |
$23.47 |
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| Starting shares: |
379.79 |
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| Ending shares: |
399.36 |
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| Dividends reinvested/share: |
$1.12 |
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| Total return: |
-6.27% |
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| Average Annual Total Return: |
-1.57% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$9,373.62 |
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| Years: |
4.09 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
05/23/2018 |
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| Start price/share: |
$26.33 |
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| End price/share: |
$23.47 |
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| Dividends collected/share: |
$1.12 |
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| Total return: |
-6.61% |
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| Average Annual Total Return: |
-1.66% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$9,338.64 |
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| Years: |
4.09 |
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| Date |
Ratio |
| 01/11/1993 | 2 for 1
| | 11/16/1995 | 2 for 1
| | 01/03/2005 | 3 for 2 | | 06/15/2006 | 2 for 1 | | 02/26/2013 | 1027 for 1000 |
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