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Eastern (EML) has 2 splits in our EML split history database. The first split for EML took place on June 16, 1999. This was a 3 for 2 split, meaning for each 2 shares of EML 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. EML's second split took place on October 18, 2006. This was a 3 for 2 split, meaning for each 2 shares of EML owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split.
When a company such as Eastern 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 EML split history from start to finish, an original position size of 1000 shares would have turned into 2250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Eastern shares, starting with a $10,000 purchase of EML, presented on a split-history-adjusted basis factoring in the complete EML split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||2.69%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||2.75%|
|Eastern designs, manufactures and sells engineered solutions to industrial markets. Co.'s operations include: Big 3 Precision Products Inc., which designs and produces returnable transport packaging to integrate with original equipment manufacturer (OEM) assembly processes; Big 3 Mold Services, Inc., which designs and manufactures blow mold tools; Hallink Moulds, Inc., which designs and manufactures blow molds and related components for the stretch blow molding industry; Eberhard Manufacturing Company and Illinois Lock Company, which manufacture access and security hardware; and Velvac Holdings Inc., which manufactures proprietary vision technology for OEMs and aftermarket applications. According to our EML split history records, Eastern has had 2 splits.|
|EML Split History Table|
|06/16/1999||3 for 2|
|10/18/2006||3 for 2|
|Industrials Stock Splits|
|EML is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: EML shares outstanding history
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