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 Video: What is a Stock Split?
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| PACCAR is a multinational company operating in the following principal segments: the Truck, which includes the design manufacture and distribution of light-, medium- and heavy-duty commercial trucks; the Parts, which includes the distribution of aftermarket parts for trucks and related commercial vehicles; and the Financial Services, which includes finance and leasing products and services provided to customers and dealers. Co.'s other businesses include the manufacturing of industrial winches in two U.S. plants and marketing them under the Braden, Carco and Gearmatic nameplates. According to our PACCAR stock split history records, PACCAR has had 7 splits. | |
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PACCAR (PCAR) has 7 splits in our PACCAR stock split history database. The first split for PCAR took place on August 01, 1988. This was a 2 for 1
split, meaning for each share of PCAR 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. PCAR's second split took place on May 22, 1997. This was a 2 for 1
split, meaning for each share of PCAR 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. PCAR's third split took place on May 29, 2002. This was a 3 for 2 split, meaning for each 2 shares of PCAR 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. PCAR's 4th split took place on February 06, 2004. This was a 3 for 2 split, meaning for each 2 shares of PCAR owned pre-split, the shareholder now owned 3 shares. For example, a 6000 share position pre-split, became a 9000 share position following the split. PCAR's 5th split took place on August 11, 2006. This was a 3 for 2 split, meaning for each 2 shares of PCAR owned pre-split, the shareholder now owned 3 shares. For example, a 9000 share position pre-split, became a 13500 share position following the split. PCAR's 6th split took place on October 10, 2007. This was a 3 for 2 split, meaning for each 2 shares of PCAR owned pre-split, the shareholder now owned 3 shares. For example, a 13500 share position pre-split, became a 20250 share position following the split. PCAR's 7th split took place on February 08, 2023. This was a 3 for 2 split, meaning for each 2 shares of PCAR owned pre-split, the shareholder now owned 3 shares. For example, a 20250 share position pre-split, became a 30375 share position following the split.
When a company such as PACCAR 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 PACCAR stock split history from start to finish, an original position size of 1000 shares would have turned into 30375 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PACCAR shares, starting with a $10,000 purchase of PCAR, presented on a split-history-adjusted basis factoring in the complete PACCAR 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: |
$35.56 |
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| End price/share: |
$76.83 |
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| Starting shares: |
281.21 |
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| Ending shares: |
402.53 |
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| Dividends reinvested/share: |
$17.11 |
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| Total return: |
209.26% |
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| Average Annual Total Return: |
11.95% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$30,920.11 |
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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: |
$35.56 |
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| End price/share: |
$76.83 |
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| Dividends collected/share: |
$17.11 |
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| Total return: |
164.16% |
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| Average Annual Total Return: |
10.20% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$26,412.89 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 08/01/1988 | 2 for 1
| | 05/22/1997 | 2 for 1
| | 05/29/2002 | 3 for 2 | | 02/06/2004 | 3 for 2 | | 08/11/2006 | 3 for 2 | | 10/10/2007 | 3 for 2 | | 02/08/2023 | 3 for 2 |
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