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DMC Global (BOOM) has 3 splits in our BOOM split history database. The first split for BOOM took place on October 13, 2005. This was a 2 for 1 split, meaning for each share of BOOM 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. BOOM's second split took place on August 27, 1990. BOOM's third split took place on August 24, 1990. This was a 1 for 5 reverse split, meaning for each 5 shares of BOOM owned pre-split, the shareholder now owned 1 share. For example, a 2000 share position pre-split, became a 400 share position following the split.
When a company such as DMC Global 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. When a company such as DMC Global conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the BOOM split history from start to finish, an original position size of 1000 shares would have turned into 400 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into DMC Global shares, starting with a $10,000 purchase of BOOM, presented on a split-history-adjusted basis factoring in the complete BOOM split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||10.61%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||10.07%|
|About DMC Global|
|DMC Global is a holding company. Through its subsidiaries, Co.'s portfolio consists of DynaEnergetics and NobelClad, which collectively address the energy, industrial processing and transportation markets. DynaEnergetics designs, manufactures, markets and sells perforating systems and associated hardware for the global oil and gas industry. A perforating system, which contains a series of explosive shaped charges, is used to punch holes through the casing and cement liner of the well. NobelClad is engaged in the production of explosion-welded clad metal plates for use in the construction of corrosion resistant industrial processing equipment and transition joints. According to our BOOM split history records, DMC Global has had 3 splits.|
|BOOM Split History Table|
|10/13/2005||2 for 1|
|08/27/1990||1 for 1|
|08/24/1990||1 for 5|
|Industrials Stock Splits|
|BOOM 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: BOOM shares outstanding history