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Aarons (AAN) has 1 split in our AAN split history database. The split for AAN took place on April 16, 2010. This was a 3 for 2 split, meaning for each 2 shares of AAN 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.
When a company such as Aarons 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 AAN split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Aarons shares, starting with a $10,000 purchase of AAN, presented on a split-history-adjusted basis factoring in the complete AAN split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||12.69%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||12.60%|
|Aaron's is a provider of lease-purchase solutions. Co. primarily provides consumers with lease-purchase solutions for the products they need and want including furniture, appliances, electronics, jewelry and other products. Co. conducts its business through three operating segments: Progressive Leasing, a virtual lease-to-own company that provides lease-purchase solutions; Aaron's Business, which engages in the sales and lease ownership and retailing of furniture, home appliances, consumer electronics and accessories through its stores in several states, Canada and Puerto Rico, as well as its e-commerce platform, Aarons.com; and Dent-A-Med, Inc., which provides a variety of credit products. According to our AAN split history records, Aarons has had 1 split.|
|AAN Split History Table|
|04/16/2010||3 for 2|
|Services Stock Splits|
|AAN is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: AAN shares outstanding history