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Kingsway Financial Services (KFS) has 1 split in our KFS split history database. The split for KFS took place on July 05, 2012. This was a 1 for 4 reverse split, meaning for each 4 shares of KFS owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split.
When a company such as Kingsway Financial Services 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 KFS split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Kingsway Financial Services shares, starting with a $10,000 purchase of KFS, presented on a split-history-adjusted basis factoring in the complete KFS split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||5.37%|
|About Kingsway Financial Services|
|Kingsway is a holding company. Co. owns or controls subsidiaries primarily in the extended warranty, asset management and real estate industries. Co.'s segments are: Extended Warranty, which includes IWS Acquisition Corporation, a licensed motor vehicle service agreement company, Trinity Warranty Solutions LLC, a provider of warranty products and maintenance support, Professional Warranty Service Corporation, a provider of new home warranty products and administration services, and Geminus Holding Company, Inc., which sells vehicle service agreements to used car buyers; and Leased Real Estate, which includes its subsidiary, CMC Industries Inc., that owns a parcel of real property in Texas. According to our KFS split history records, Kingsway Financial Services has had 1 split.|
|KFS Split History Table|
|07/05/2012||1 for 4|
|Financials Stock Splits|
|KFS is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: KFS shares outstanding history