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|IIVI Stock Split History|
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II-VI (IIVI) has 4 splits in our IIVI split history database. The first split for IIVI took place on September 08, 1995. This was a 2 for 1 split, meaning for each share of IIVI 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. IIVI's second split took place on September 21, 2000. This was a 2 for 1 split, meaning for each share of IIVI owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. IIVI's third split took place on March 23, 2005. This was a 2 for 1 split, meaning for each share of IIVI owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split. IIVI's 4th split took place on June 27, 2011. This was a 2 for 1 split, meaning for each share of IIVI owned pre-split, the shareholder now owned 2 shares. For example, a 8000 share position pre-split, became a 16000 share position following the split.
When a company such as II-VI 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 IIVI split history from start to finish, an original position size of 1000 shares would have turned into 16000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into II-VI shares, starting with a $10,000 purchase of IIVI, presented on a split-history-adjusted basis factoring in the complete IIVI split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||9.16%|
|II-VI develops, manufactures, and markets engineered materials, optoelectronic components, and devices for use in industrial materials processing, optical communications, aerospace and defense, consumer electronics, semiconductor capital equipment, life sciences, and automotive applications and markets. Co.'s products are deployed in a variety of applications, including: laser cutting, welding and marking operations; optical, data, and wireless communications products; laser cutting, welding, and marking operations; three-dimensional sensing consumer applications; aerospace and defense applications including intelligence, surveillance, and reconnaissance; and semiconductor processing tools. According to our IIVI split history records, II-VI has had 4 splits.|
|IIVI Split History Table|
|09/08/1995||2 for 1|
|09/21/2000||2 for 1|
|03/23/2005||2 for 1|
|06/27/2011||2 for 1|
|Industrials Stock Splits|
|IIVI 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: IIVI shares outstanding history