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Unifi (UFI) has 3 splits in our UFI split history database. The first split for UFI took place on February 10, 1992. This was a 5 for 4 split, meaning for each 4 shares of UFI owned pre-split, the shareholder now owned 5 shares. For example, a 1000 share position pre-split, became a 1250 share position following the split. UFI's second split took place on February 17, 1993. This was a 3 for 2 split, meaning for each 2 shares of UFI owned pre-split, the shareholder now owned 3 shares. For example, a 1250 share position pre-split, became a 1875 share position following the split. UFI's third split took place on November 04, 2010. This was a 1 for 3 reverse split, meaning for each 3 shares of UFI owned pre-split, the shareholder now owned 1 share. For example, a 1875 share position pre-split, became a 625 share position following the split.
When a company such as Unifi 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 Unifi 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 UFI split history from start to finish, an original position size of 1000 shares would have turned into 625 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Unifi shares, starting with a $10,000 purchase of UFI, presented on a split-history-adjusted basis factoring in the complete UFI split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||1.69%|
|Unifi is a multinational company that manufactures and sells recycled and synthetic products. Co. has four reportable segments: Polyester, which sells polyester-based products to other yarn manufacturers and knitters and weavers that produce yarn and/or fabric for various end-use markets; Asia, which sells polyester-based products to knitters and weavers that produce fabric for various end-use markets in Asia and Europe; Brazil, which sells polyester-based products to knitters and weavers that produce fabric for various end-use markets in South America; and Nylon, which sells nylon-based products to knitters and weavers that produce fabric for various markets in the U.S. and Colombia. According to our UFI split history records, Unifi has had 3 splits.|
|UFI Split History Table|
|02/10/1992||5 for 4|
|02/17/1993||3 for 2|
|11/04/2010||1 for 3|
|Consumer Stock Splits|
|UFI 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: UFI shares outstanding history