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AstroNova (ALOT) has 3 splits in our ALOT split history database. The first split for ALOT took place on August 16, 1988. This was a 3 for 2 split, meaning for each 2 shares of ALOT 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. ALOT's second split took place on May 19, 1992. This was a 3 for 2 split, meaning for each 2 shares of ALOT 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. ALOT's third split took place on July 03, 2006. This was a 5 for 4 split, meaning for each 4 shares of ALOT owned pre-split, the shareholder now owned 5 shares. For example, a 2250 share position pre-split, became a 2812.5 share position following the split.
When a company such as AstroNova 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 ALOT split history from start to finish, an original position size of 1000 shares would have turned into 2812.5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into AstroNova shares, starting with a $10,000 purchase of ALOT, presented on a split-history-adjusted basis factoring in the complete ALOT split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||8.75%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||8.28%|
|AstroNova designs, develops, manufactures and distributes a range of specialty printers and data acquisition and analysis systems, including both hardware and software, which incorporate technologies to acquire, store, analyze, and present data in multiple formats. Co.'s business consists of two segments, Product Identification (PI) and Test & Measurement (T&M). The PI segment includes specialty printing systems sold under the brand names QuickLabel®, TrojanLabel® and GetLabels. Co.'s T&M segment includes Co.'s line of aerospace flight deck printers and test and measurement data acquisition systems sold under the AstroNova® brand name. According to our ALOT split history records, AstroNova has had 3 splits.|
|ALOT Split History Table|
|08/16/1988||3 for 2|
|05/19/1992||3 for 2|
|07/03/2006||5 for 4|
|Technology Stock Splits|
|ALOT is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: ALOT shares outstanding history