Stock splits can help investors zero in on high-quality businesses. Not because they have any material significance to the company or its operations, but because Stock splits tend to follow on the heels of substantial and sustained share price appreciation, which itself typically correlates with solid fundamentals.

Investors can see that pattern in the stock splits detailed below. Every company listed cultivated a strong competitive position, and that quality translated into tremendous share price appreciation.

Shopify shareholders saw returns north of 265% in the last five years, which was part of the justification for its split. Even better, this Canadian commerce company retains strong prospects for future growth. Here's why this stock-split stock is a great buy-and-hold candidate for your portfolio.

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Source Fool.com