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Kadant (KAI) has 1 split in our KAI split history database. The split for KAI took place on July 12, 2001. This was a 1 for 5 reverse split, meaning for each 5 shares of KAI owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as Kadant 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 KAI split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Kadant shares, starting with a $10,000 purchase of KAI, presented on a split-history-adjusted basis factoring in the complete KAI split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||25.07%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||24.22%|
|Kadant is a supplier of components and engineered systems used in process industries. Through its Flow Control segment, Co. provides custom-engineered products, systems, and technologies that control the flow of fluids used in industrial and commercial applications. Through its Industrial Processing segment, Co. provides equipment, machinery, and technologies used to recycle paper and paperboard and process timber for use in the packaging, tissue, wood products and alternative fuel industries. Through its Material Handling segment, Co. provides products and systems used to handle bulk and materials for secondary processing or transport in the mining, food, and waste management industries. According to our KAI split history records, Kadant has had 1 split.|
|KAI Split History Table|
|07/12/2001||1 for 5|
|Industrials Stock Splits|
|KAI 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: KAI shares outstanding history