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Rent-A-Center (RCII) has 3 splits in our RCII split history database. The first split for RCII took place on June 21, 1995. This was a 3 for 2 split, meaning for each 2 shares of RCII owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. RCII's second split took place on October 10, 1995. This was a 2 for 1 split, meaning for each share of RCII owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split. RCII's third split took place on September 02, 2003. This was a 5 for 2 split, meaning for each 2 shares of RCII owned pre-split, the shareholder now owned 5 shares. For example, a 3000 share position pre-split, became a 7500 share position following the split.
When a company such as Rent-A-Center 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 RCII split history from start to finish, an original position size of 1000 shares would have turned into 7500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Rent-A-Center shares, starting with a $10,000 purchase of RCII, presented on a split-history-adjusted basis factoring in the complete RCII split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||-1.83%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-1.57%|
|Rent-A-Center is a holding company. Through its subsidiaries, Co. provides ownership of products, such as appliances and consumer electronics, under lease purchase agreements with no long-term obligation. Co.'s segments are: Rent-A-Center Business, which operates retail installment sales stores under the names Get It Now and Home Choice; Preferred Lease, which provides an on-site lease-to-own option at a third-party retailer's location; Mexico, which consists of its company-owned lease-to-own stores in Mexico; and Franchising, which sells rental merchandise to its franchisees who, in turn, provide the merchandise to the general public for rent or purchase under a lease-to-own transaction. According to our RCII split history records, Rent-A-Center has had 3 splits.|
|RCII Split History Table|
|06/21/1995||3 for 2|
|10/10/1995||2 for 1|
|09/02/2003||5 for 2|
|Services Stock Splits|
|RCII is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: RCII shares outstanding history