Home |
Free Dividend Report |
Stock Splits Calendar |
ELT Stock Split History |
Preferred Stock Newsletter |
Top Option Ideas |
Stock Message Boards |
ELT (ELT) has 1 split in our ELT split history database. The split for ELT took place on March 11, 1996. This was a 1 for 5 reverse split, meaning for each 5 shares of ELT 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 ELT 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 ELT 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 ELT shares, starting with a $10,000 purchase of ELT, presented on a split-history-adjusted basis factoring in the complete ELT split history.
ELT -- use the split history when considering split-adjusted past price performance.
About ELT |
Elster Group is engaged in providing gas, electricity and water meters and related communications, networking and software solutions. Co.'s products and solutions are used to accurately and reliably measure gas, electricity and water consumption as well as enable energy efficiency and conservation. Co. markets its products and solutions through the distribution of brochures, published papers and newsletters and by print advertising and direct mailing campaigns. Co. sells to utilities, distributors and industrial customers in more than 130 countries across gas, electricity, water and multi-utility settings for use in residential market and the C&I market. According to our ELT split history records, ELT has had 1 split. |
ELT Split History Table | |
Date | Ratio |
03/11/1996 | 1 for 5 |
Materials Stock Splits |
ELT is categorized under the Materials sector; below are some other companies in the same sector that also have a history of stock splits:
EMN Split History
Free ELT Email Alerts:
|
ELT Split History | www.SplitHistory.com | Copyright © 2013 - 2024, All Rights Reserved
Nothing in www.SplitHistory.com is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. Split history database is not guaranteed to be complete or free of errors. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Service. Video widget and market videos powered by Market News Video. Quote and option data delayed at least 15 minutes; stock quote data powered by Ticker Technologies, and Mergent.Want to receive our latest research absolutely free?
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 9.5%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 9.5%.