Stock Splits 60% Below the 1999 Levels
The current stock split pace is almost 40% below the average number of yearly splits since 1979 and 60% below the 91 that split in 1999, according to S&P.
Additionally, 228 companies in the DJ Wilshire 5000 split last year, down 16% from 2005 and 40% from 1999, according to Wilshire Atlas.
The lack of splits have pushed the average share prices higher. The average share price of stock in the DJ Wilshire 5000 hit $46.63 last year, a 12% jump from 2005 and the highest since at least 1990. Now, 51 stocks trade for $100 a share or higher, nearly triple the number that did five years ago.
Google at $500 and Berkshire Hathaway at $100,000 are certainly giving higher share price a new status of honor.
Data also show that splits have no impact on performance. Stocks that split from 1988 to 2005 had nearly identical 12-month performance to those that didn't, according to Zacks Investment Research.
Reference: Why are companies shying away from stock splits? - USA Today