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CNH (CNH) has 1 split in our CNH split history database. The split for CNH took place on April 01, 2003. This was a 1 for 5 reverse split, meaning for each 5 shares of CNH owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as CNH 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 CNH split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CNH shares, starting with a $10,000 purchase of CNH, presented on a split-history-adjusted basis factoring in the complete CNH split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||25.57%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||23.40%|
|CNH Global engineers, manufactures, markets and distributes agricultural and construction equipment. Co. also provides financial products and services. Its operations are organized into three business segments: Agricultural equipment (Co. manufactures and distributes a line of farm machinery and implements); Construction equipment (Co. manufactures and distributes a line of construction equipment) and Financial services (Co. offers an array of financial products and services, including retail financing for the purchase or lease of its new and used products and other manufacturers' products and other retail financing programs and wholesale financing to dealers). According to our CNH split history records, CNH has had 1 split.|
|CNH Split History Table|
|04/01/2003||1 for 5|
|Industrials Stock Splits|
|CNH is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:|