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Garmin (GRMN) has 1 split in our Garmin stock split history database. The split for GRMN took place on August 16, 2006. This was a 2 for 1 split, meaning for each share of GRMN 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 Garmin 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 Garmin stock 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 Garmin shares, starting with a $10,000 purchase of GRMN, presented on a split-history-adjusted basis factoring in the complete Garmin stock split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||11.01%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||9.17%|
|Garmin, through its subsidiaries, designs, develops, manufactures, markets and distributes a family of hand-held, wearable, portable and fixed-mount Global Positioning System-enabled products and other navigation, communications, sensor-based and information products. Co. has five business units: Fitness, which provides range of products for use in fitness and activity tracking; Outdoor, which provides range of products for use in outdoor activities; Aviation, which is a provider of solutions to aircraft manufacturers, existing aircraft owners and operators; Auto, which provides a range of products for use in the auto market; and Marine, a manufacturer of recreational marine electronics. According to our Garmin stock split history records, Garmin has had 1 split.|
|GRMN Split History Table|
|08/16/2006||2 for 1|
|Consumer Stock Splits|
|GRMN 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: GRMN shares outstanding history