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Bassett Furniture Industries (BSET) has 2 splits in our BSET split history database. The first split for BSET took place on April 07, 1992. This was a 3 for 2 split, meaning for each 2 shares of BSET 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. BSET's second split took place on May 27, 1993. This was a 5 for 4 split, meaning for each 4 shares of BSET owned pre-split, the shareholder now owned 5 shares. For example, a 1500 share position pre-split, became a 1875 share position following the split.
When a company such as Bassett Furniture Industries 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 BSET split history from start to finish, an original position size of 1000 shares would have turned into 1875 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Bassett Furniture Industries shares, starting with a $10,000 purchase of BSET, presented on a split-history-adjusted basis factoring in the complete BSET split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||12.93%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||13.79%|
|About Bassett Furniture Industries|
|Bassett Furniture Industries is a retailer, manufacturer and marketer of branded home furnishings. Co.'s products are sold primarily through a network of Co.-owned and licensee-owned branded stores under the Bassett Home Furnishings (BHF) name. Co.'s wholesale home furnishings segment is involved principally in the design, manufacture, sourcing, sale and distribution of furniture products to a network of BHF stores and independent furniture retailers. Co.'s Retail segment includes its store network of Co.-owned stores and licensee-owned stores. Co.'s Logistical Services segment provides network line haul freight (middle mile) and warehousing, distribution and inventory management. According to our BSET split history records, Bassett Furniture Industries has had 2 splits.|
|BSET Split History Table|
|04/07/1992||3 for 2|
|05/27/1993||5 for 4|
|Consumer Stock Splits|
|BSET is categorized under the Consumer sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: BSET shares outstanding history