This does not always happen, however, often depending on the underlying fundamentals of the business. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. When a company such as Polaris 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. For example, a 6000 share position pre-split, became a 12000 share position following the split.
This was a 2 for 1 split, meaning for each share of PII owned pre-split, the shareholder now owned 2 shares. PII's 4th split took place on September 13, 2011. For example, a 3000 share position pre-split, became a 6000 share position following the split. PII's third split took place on March 09, 2004. For example, a 2000 share position pre-split, became a 3000 share position following the split. Shares of PII owned pre-split, the shareholder now owned 3 shares. PII's second split took place on October 18, 1995. For example, a 1000 share position pre-split, became a 2000 share position following the split. Split, meaning for each share of PII owned pre-split, the shareholder now owned 2 shares. The first split for PII took place on August 19, 1993. Polaris (PII) has 4 splits in our PII split history database.
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