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Ocean Bio-Chem (OBCI) has 2 splits in our OBCI split history database. The first split for OBCI took place on March 15, 2000. This was a 105 for 100 split, meaning for each 100 shares of OBCI owned pre-split, the shareholder now owned 105 shares. For example, a 1000 share position pre-split, became a 1050 share position following the split. OBCI's second split took place on September 25, 2002. This was a 11 for 10 split, meaning for each 10 shares of OBCI owned pre-split, the shareholder now owned 11 shares. For example, a 1050 share position pre-split, became a 1155 share position following the split.
When a company such as Ocean Bio-Chem 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 OBCI split history from start to finish, an original position size of 1000 shares would have turned into 1155 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Ocean Bio-Chem shares, starting with a $10,000 purchase of OBCI, presented on a split-history-adjusted basis factoring in the complete OBCI split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||13.25%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||13.09%|
|About Ocean Bio-Chem|
|Ocean Bio-Chem is engaged in the manufacture, marketing and distribution of a line of appearance, performance and maintenance products for the marine, automotive, power sports, recreational vehicle and outdoor power equipment markets, under the Star brite® and Star Tron® brand names. Co. sells these products within the United States of America and Canada. In addition, Co. produces private label formulations of several of its products and provides custom blending and packaging services for these and other products. Co. also manufactures, markets and distributes chlorine dioxide-based deodorizing disinfectant, and sanitizing products under the Star brite® and Performacide® brand names. According to our OBCI split history records, Ocean Bio-Chem has had 2 splits.|
|OBCI Split History Table|
|03/15/2000||105 for 100|
|09/25/2002||11 for 10|
|Consumer Stock Splits|
|OBCI is categorized under the Consumer sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: OBCI shares outstanding history