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Ericsson (ERIC) has 2 splits in our ERIC split history database. The first split for ERIC took place on June 10, 2008. This was a 2 for 1 split, meaning for each share of ERIC 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. ERIC's second split took place on June 01, 1998.
When a company such as Ericsson 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 ERIC 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 Ericsson shares, starting with a $10,000 purchase of ERIC, presented on a split-history-adjusted basis factoring in the complete ERIC split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||1.88%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||2.20%|
|Ericsson supplies communication infrastructure, services and software to the telecom industry and other sectors. Co.'s business is divided into four segments with the telecom operators as the main customer group. The segments areNetworks, which provides a multi-technology capable Radio Access Network solution for all spectrum network bands; Digital Services, which provides software-based solutions for business support, operational support, communication services, key networks, and cloud infrastructure; Managed Services, which provides Networks and IT Managed Services, and Application Development and Maintenance to telecom operators; and Emerging Business and Other. According to our ERIC split history records, Ericsson has had 2 splits.|
|ERIC Split History Table|
|06/10/2008||2 for 1|
|06/01/1998||1 for 1|
|Technology Stock Splits|
|ERIC is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:|