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Cummins (CMI) has 2 splits in our CMI split history database. The first split for CMI took place on April 10, 2007. This was a 2 for 1 split, meaning for each share of CMI 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. CMI's second split took place on January 03, 2008. This was a 2 for 1 split, meaning for each share of CMI 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 Cummins 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 CMI 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 Cummins shares, starting with a $10,000 purchase of CMI, presented on a split-history-adjusted basis factoring in the complete CMI split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||11.12%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||10.27%|
|Cummins is a diesel engine manufacturer. Co.'s segments are: Engine, which manufactures and markets diesel and natural gas-powered engines; Distribution, which is Co.'s primary sales, service and support channel; Components, which supplies aftertreatment systems, turbochargers, transmissions, filtration products, electronics and fuel systems for commercial diesel and natural gas applications; Power Systems, which includes power generation, industrial, and generator technologies product lines; and New Power, which designs, manufactures, sells and supports hydrogen production solutions and electrified power systems ranging from fully electric to hybrid along with components and subsystems. According to our CMI split history records, Cummins has had 2 splits.|
|CMI Split History Table|
|04/10/2007||2 for 1|
|01/03/2008||2 for 1|
|Consumer Stock Splits|
|CMI 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: CMI shares outstanding history