Split History
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ICN (ICN) has 2 splits in our ICN split history database. The first split for ICN took place on November 11, 1994. This was a 512 for 1000 reverse split, meaning for each 1000 shares of ICN owned pre-split, the shareholder now owned 512 shares. For example, a 1000 share position pre-split, became a 512 share position following the split. ICN's second split took place on March 17, 1998. This was a 3 for 2 split, meaning for each 2 shares of ICN owned pre-split, the shareholder now owned 3 shares. For example, a 512 share position pre-split, became a 768 share position following the split.
When a company such as ICN 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. When a company such as ICN 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 ICN split history from start to finish, an original position size of 1000 shares would have turned into 768 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ICN shares, starting with a $10,000 purchase of ICN, presented on a split-history-adjusted basis factoring in the complete ICN split history.
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| About ICN |
| WisdomTree Japan SmallCap Dividend Fund is an open-end management investment company. The Fund seeks investment results that closely correspond to the price and yield performance of the WisdomTree Japan SmallCap Dividend Index (the Index). The Index measures the performance of dividend paying small-capitalization companies in Japan. Companies are weighted in the Index based on annual cash dividends paid. As of Mar 31 2015, the Fund's total assets and investment portfolio totaled $345,830,285 and $341,298,853, respectively. According to our ICN split history records, ICN has had 2 splits. |
| ICN Split History Table | |
| Date | Ratio |
| 11/11/1994 | 512 for 1000 |
| 03/17/1998 | 3 for 2 |
| Financials Stock Splits |
| ICN is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
IDU Split History
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