Split History
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Lee Enterprises (LEE) has 2 splits in our LEE split history database. The first split for LEE took place on December 11, 1995. This was a 2 for 1 split, meaning for each share of LEE 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. LEE's second split took place on March 15, 2021. This was a 1 for 10 reverse split, meaning for each 10 shares of LEE owned pre-split, the shareholder now owned 1 share. For example, a 2000 share position pre-split, became a 200 share position following the split.
When a company such as Lee Enterprises 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 Lee Enterprises 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 LEE 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 Lee Enterprises shares, starting with a $10,000 purchase of LEE, presented on a split-history-adjusted basis factoring in the complete LEE split history.
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/28/2014 | |
| End date: | 04/24/2024 | |
| Start price/share: | $39.60 | |
| End price/share: | $12.65 | |
| Dividends collected/share: | $0.00 | |
| Total return: | -68.06% | |
| Average Annual Total Return: | -10.79% | |
| Starting investment: | $10,000.00 | |
| Ending investment: | $3,193.53 | |
| Years: | 10.00 | |
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| About Lee Enterprises |
| Lee Enterprises is a provider of local news and information, and a platform for advertising in the markets it serves. Co.'s products provide print and digital editions, and its content and advertising are available through its websites and mobile apps. Co. provides advertising and marketing services, subscription on its digital and print products, and digital services, primarily through its subsidiary, TownNews. Co.'s operations also provide printing and distribution of third party publications. Co.'s advertising and marketing services include local advertising national advertising. Co.'s subscription services include subscription model and subscriptions to its digital-only products. According to our LEE split history records, Lee Enterprises has had 2 splits. |
| LEE Split History Table | |
| Date | Ratio |
| 12/11/1995 | 2 for 1 |
| 03/15/2021 | 1 for 10 |
| Services Stock Splits |
| LEE is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:
LEN Split History Also explore: LEE shares outstanding history
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