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WD-40 (WDFC) has 3 splits in our WDFC split history database. The first split for WDFC took place on October 03, 1978. This was a 2 for 1 split, meaning for each share of WDFC 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. WDFC's second split took place on August 01, 1997. This was a 2 for 1 split, meaning for each share of WDFC owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. WDFC's third split took place on May 02, 1983. This was a 3 for 1 split, meaning for each share of WDFC owned pre-split, the shareholder now owned 3 shares. For example, a 4000 share position pre-split, became a 12000 share position following the split.
When a company such as WD-40 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 WDFC split history from start to finish, an original position size of 1000 shares would have turned into 12000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into WD-40 shares, starting with a $10,000 purchase of WDFC, presented on a split-history-adjusted basis factoring in the complete WDFC split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||21.61%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||20.23%|
|WD-40 is engaged in developing and selling products that solve problems in workshops, factories and homes. Co. markets its maintenance products and its homecare and cleaning products under the following brands: WD-40®, 3-IN-ONE®, GT85®, X-14®, 2000 Flushes®, Carpet Fresh®, no vac®, Spot Shot®, 1001®, Lava® and Solvol®. The WD-40 brand includes the WD-40 Multi-Use Product and the WD-40 Specialist® and WD-40 BIKE® product lines. Co.'s brands are sold in various locations. Maintenance products are sold in markets in North, Central and South America, Asia, Australia, Europe, the Middle East and Africa. Homecare and cleaning products are sold in North America, the United Kingdom and Australia. According to our WDFC split history records, WD-40 has had 3 splits.|
|WDFC Split History Table|
|10/03/1978||2 for 1|
|08/01/1997||2 for 1|
|05/02/1983||3 for 1|
|Consumer Stock Splits|
|WDFC 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: WDFC shares outstanding history