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Espey Manufacturing and Electronics (ESP) has 1 split in our ESP split history database. The split for ESP took place on January 03, 2006. This was a 2 for 1 split, meaning for each share of ESP 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 Espey Manufacturing and Electronics 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 ESP 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 Espey Manufacturing and Electronics shares, starting with a $10,000 purchase of ESP, presented on a split-history-adjusted basis factoring in the complete ESP split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||-0.98%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||0.18%|
|About Espey Manufacturing and Electronics|
|Espey Manufacturing and Electronics is a power electronics design and original equipment manufacturing company engaged in developing and delivering products for use in military and severe environment applications. Co.'s primary products are power supplies, power converters, filters, power transformers, magnetic components, power distribution equipment, UPS systems, antennas and radar systems. Co.'s services include design and development to specification, build to print, design services, design studies, environmental testing services, metal fabrication, painting services, and development of automatic testing equipment. According to our ESP split history records, Espey Manufacturing and Electronics has had 1 split.|
|ESP Split History Table|
|01/03/2006||2 for 1|
|Industrials Stock Splits|
|ESP is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:|