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|AXE Stock Split History|
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AXE (AXE) has 2 splits in our AXE split history database. The first split for AXE took place on May 01, 1986. This was a 2 for 1 split, meaning for each share of AXE 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. AXE's second split took place on October 26, 1995. This was a 2 for 1 split, meaning for each share of AXE 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.
When a company such as AXE 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 AXE split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into AXE shares, starting with a $10,000 purchase of AXE, presented on a split-history-adjusted basis factoring in the complete AXE split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||5.20%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||4.81%|
|Anixter International, through its subsidiaries, is a distributor of network and security solutions, electrical and electronic solutions, and utility power solutions. Co.'s segments are: Network and Security Solutions, which supplies products and customized Supply Chain Solutions; Electrical and Electronic Solutions, which supplies a range of wire and cable, control, power/gear, lighting and core electrical products and customized supply chain solutions; and Utility Power Solutions, which supplies electrical transmission and distribution products, power plant maintenance, repair and operations supplies and smart-grid products, and arranges materials management and procurement outsourcing. According to our AXE split history records, AXE has had 2 splits.|
|AXE Split History Table|
|05/01/1986||2 for 1|
|10/26/1995||2 for 1|
|Industrials Stock Splits|
|AXE is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: AXE shares outstanding history