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Chicago Rivet and Machine (CVR) has 1 split in our CVR split history database. The split for CVR took place on September 22, 1997. This was a 2 for 1 split, meaning for each share of CVR 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.
When a company such as Chicago Rivet and Machine 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 CVR split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Chicago Rivet and Machine shares, starting with a $10,000 purchase of CVR, presented on a split-history-adjusted basis factoring in the complete CVR split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||8.31%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||7.92%|
|About Chicago Rivet and Machine|
|Chicago Rivet & Machine operates in two segments of the fastener industry: fasteners and assembly equipment. The fastener segment consists of the manufacture and sale of rivets, cold-formed fasteners and parts, and screw machine products. The assembly equipment segment consists primarily of the manufacture of automatic rivet setting machines, automatic assembly equipment and parts and tools for such machines. The principal market for Co.'s products is the North American automotive industry. According to our CVR split history records, Chicago Rivet and Machine has had 1 split.|
|CVR Split History Table|
|09/22/1997||2 for 1|
|Industrials Stock Splits|
|CVR is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:|