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Gencor Industries (GENC) has 1 split in our GENC split history database. The split for GENC took place on August 02, 2016. This was a 3 for 2 split, meaning for each 2 shares of GENC 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.
When a company such as Gencor Industries 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 GENC split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Gencor Industries shares, starting with a $10,000 purchase of GENC, presented on a split-history-adjusted basis factoring in the complete GENC split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||9.38%|
|About Gencor Industries|
|Gencor Industries is a manufacturer of heavy machinery used in the production of highway construction materials and environmental control equipment. Co.'s products are: Asphalt Plants, whereby Co. manufactures and produces hot-mix asphalt plants used in the production of asphalt paving materials; Combustion Systems and Industrial Incinerators, whereby Co. manufactures combustion systems, which are burners; Fluid Heat Transfer Systems, whereby Co. manufactures the Hy-Way Heat and Beverley lines of thermal fluid heat transfer systems and specialty storage tanks for a range of industry uses; and Asphalt Pavers, whereby Co. manufactures asphalt pavers under the Blaw-Knox brand. According to our GENC split history records, Gencor Industries has had 1 split.|
|GENC Split History Table|
|08/02/2016||3 for 2|
|Industrials Stock Splits|
|GENC 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: GENC shares outstanding history