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|DRI Stock Split History|
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Darden Restaurants (DRI) has 2 splits in our DRI split history database. The first split for DRI took place on May 02, 2002. This was a 3 for 2 split, meaning for each 2 shares of DRI 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. DRI's second split took place on November 10, 2015. This was a 10000 for 8939 split, meaning for each 8939 shares of DRI owned pre-split, the shareholder now owned 10000 shares. For example, a 1500 share position pre-split, became a 1678.04004922251 share position following the split.
When a company such as Darden Restaurants 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 DRI split history from start to finish, an original position size of 1000 shares would have turned into 1678.04004922251 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Darden Restaurants shares, starting with a $10,000 purchase of DRI, presented on a split-history-adjusted basis factoring in the complete DRI split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||6.69%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||6.57%|
|About Darden Restaurants|
|Darden Restaurants is a restaurant company. Co. owns and operates restaurants through subsidiaries in the U.S. and Canada under the Olive Garden®, LongHorn Steakhouse®, Cheddar's Scratch Kitchen®, Yard House®, The Capital Grille®, Seasons 52®, Bahama Breeze®, and Eddie V's Prime Seafood® trademarks. Co. has four reportable segments: Olive Garden; LongHorn Steakhouse; Fine Dining (which includes The Capital Grille and Eddie V's); and Other Business (which includes Cheddar's Scratch Kitchen, Yard House, Seasons 52, Bahama Breeze and results from its franchise operations). According to our DRI split history records, Darden Restaurants has had 2 splits.|
|DRI Split History Table|
|05/02/2002||3 for 2|
|11/10/2015||10000 for 8939|
|Services Stock Splits|
|DRI is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: DRI shares outstanding history