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|TNC Dividend History|
|TNC Stock Split History|
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Tennant (TNC) has 1 split in our TNC split history database. The split for TNC took place on July 26, 2006. This was a 2 for 1 split, meaning for each share of TNC 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.
When a company such as Tennant 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 TNC split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Tennant shares, starting with a $10,000 purchase of TNC, presented on a split-history-adjusted basis factoring in the complete TNC split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||6.51%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||6.32%|
|Tennant is a manufacturer of floor cleaning equipment. Co. provides products and solutions consisting of mechanized cleaning equipment, detergent-free and other cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, and business solutions such as financing, rental and leasing programs, and machine-to-machine asset management solutions. Co.'s products are used in several types of environments including retail establishments, distribution centers, factories and warehouses, public venues such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics, parking lots and streets. According to our TNC split history records, Tennant has had 1 split.|
|TNC Split History Table|
|07/26/2006||2 for 1|
|Industrials Stock Splits|
|TNC is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: TNC shares outstanding history