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Western Digital (WDC) has 1 split in our WDC split history database. The split for WDC took place on June 04, 1997. This was a 2 for 1 split, meaning for each share of WDC 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 Western Digital 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 WDC 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 Western Digital shares, starting with a $10,000 purchase of WDC, presented on a split-history-adjusted basis factoring in the complete WDC split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||7.14%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||6.80%|
|About Western Digital|
|Western Digital is a developer, manufacturer, and provider of data storage devices and solutions. Co.'s portfolio of technology and products address the following markets: Client Devices, which consist of hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, flash-based embedded storage products, and flash-based memory wafers and components; Data Center Devices and Solutions, which consist of enterprise HDDs and enterprise SSDs, data center software and system solutions; and Client Solutions, which consist of HDDs and SSDs embedded into external storage products and removable flash-based products, such as cards, universal serial bus flash drives and wireless drives. According to our WDC split history records, Western Digital has had 1 split.|
|WDC Split History Table|
|06/04/1997||2 for 1|
|Technology Stock Splits|
|WDC is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: WDC shares outstanding history