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Spectrum Brands Holdings (SPB) has 1 split in our SPB split history database. The split for SPB took place on July 16, 2018. This was a 162 for 1000 reverse split, meaning for each 1000 shares of SPB owned pre-split, the shareholder now owned 162 shares. For example, a 1000 share position pre-split, became a 162 share position following the split.
When a company such as Spectrum Brands Holdings 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 SPB split history from start to finish, an original position size of 1000 shares would have turned into 162 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Spectrum Brands Holdings shares, starting with a $10,000 purchase of SPB, presented on a split-history-adjusted basis factoring in the complete SPB split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||-0.83%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-0.31%|
|About Spectrum Brands Holdings|
|Spectrum Brands Holdings manufactures, markets and/or distributes its products globally in the North America, Europe, Middle East and Africa, Latin America and Asia-Pacific regions through retailers, wholesalers and distributors, original equipment manufacturers and construction companies. Co.'s segments are: Hardware and Home Improvement, which includes security, plumbing and accessories, and builders' hardware product categories; Home and Personal Care, which includes home appliances and personal care product categories; Global Pet Care, which includes companion animal and aquatics product categories; and Home and Garden, which includes household and controls product categories. According to our SPB split history records, Spectrum Brands Holdings has had 1 split.|
|SPB Split History Table|
|07/16/2018||162 for 1000|
|Consumer Stock Splits|
|SPB 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: SPB shares outstanding history