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 Video: What is a Stock Split?
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| Pool is a wholesale distributor of swimming pool supplies, equipment and related leisure products and a distributor of irrigation and landscape products. Co.'s products include: maintenance products, such as chemicals, supplies and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps and lights; fiberglass pools and hot tubs and packaged pool kits including walls, liners, braces and coping for in-ground and above-ground pools; pool equipment and components for pool construction and the remodeling of existing pools; and irrigation and related products, including irrigation system components and other lawn care equipment and supplies. According to our Pool stock split history records, Pool has had 6 splits. | |
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Pool (POOL) has 6 splits in our Pool stock split history database. The first split for POOL took place on September 30, 1997. This was a 3 for 2
split, meaning for each 2
shares of POOL 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. POOL's second split took place on July 27, 1998. This was a 3 for 2
split, meaning for each 2
shares of POOL owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. POOL's third split took place on June 20, 2000. This was a 3 for 2
split, meaning for each 2
shares of POOL owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split. POOL's 4th split took place on September 10, 2001. This was a 3 for 2 split, meaning for each 2 shares of POOL owned pre-split, the shareholder now owned 3 shares. For example, a 3375 share position pre-split, became a 5062.5 share position following the split. POOL's 5th split took place on September 15, 2003. This was a 3 for 2 split, meaning for each 2 shares of POOL owned pre-split, the shareholder now owned 3 shares. For example, a 5062.5 share position pre-split, became a 7593.75 share position following the split. POOL's 6th split took place on September 13, 2004. This was a 3 for 2 split, meaning for each 2 shares of POOL owned pre-split, the shareholder now owned 3 shares. For example, a 7593.75 share position pre-split, became a 11390.625 share position following the split.
When a company such as Pool 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 Pool stock split history from start to finish, an original position size of 1000 shares would have turned into 11390.625 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Pool shares, starting with a $10,000 purchase of POOL, presented on a split-history-adjusted basis factoring in the complete Pool stock split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
09/18/2014 |
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| End date: |
09/16/2024 |
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| Start price/share: |
$56.17 |
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| End price/share: |
$358.49 |
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| Starting shares: |
178.03 |
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| Ending shares: |
199.27 |
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| Dividends reinvested/share: |
$24.52 |
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| Total return: |
614.35% |
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| Average Annual Total Return: |
21.72% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$71,425.50 |
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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: |
09/18/2014 |
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| End date: |
09/16/2024 |
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| Start price/share: |
$56.17 |
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| End price/share: |
$358.49 |
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| Dividends collected/share: |
$24.52 |
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| Total return: |
581.88% |
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| Average Annual Total Return: |
21.16% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$68,205.76 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 09/30/1997 | 3 for 2
| | 07/27/1998 | 3 for 2
| | 06/20/2000 | 3 for 2
| | 09/10/2001 | 3 for 2 | | 09/15/2003 | 3 for 2 | | 09/13/2004 | 3 for 2 |
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