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ABL (ABL) has 1 split in our ABL split history database. The split for ABL took place on July 12, 1994. This was a 2 for 1 split, meaning for each share of ABL 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.
When a company such as ABL 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 ABL split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ABL shares, starting with a $10,000 purchase of ABL, presented on a split-history-adjusted basis factoring in the complete ABL split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-37.88%|
|American Biltrite operates in three segments: tape division, which manufactures paper, film, heating, ventilating and air conditioning, electrical, shoe and other tape products for use in industrial and automotive markets in two production facilities in the U.S., and in finishing and sales facilities in Belgium and Singapore; jewelry, which consists of its subsidiary, K&M Associates L.P., a costume jewelry supplier to mass merchandisers and department stores; and Canadian division, which consists of its wholly-owned subsidiary, American Biltrite (Canada) Ltd., which produces flooring, rubber and other industrial products. According to our ABL split history records, ABL has had 1 split.|
|ABL Split History Table|
|07/12/1994||2 for 1|
|Energy Stock Splits|
|ABL is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:|