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 Video: What is a Stock Split?
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| AZZ is a global provider of hot-dip galvanizing and coil coating solutions to a range of end-markets, in North America. Co. has three operating segments: the AZZ Metal Coatings Segment, which provides metal finishing solutions for corrosion protection; the AZZ Precoat Metals Segment, which provides aesthetic and corrosion protective coatings and related services for steel and aluminum coil; and the AZZ Infrastructure Solutions segment, which is focused on delivering transmission of power from generation sources to end customers, and automated weld overlay solutions for corrosion and erosion mitigation to infrastructure. According to our AZZ split history records, AZZ has had 4 splits. | |
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AZZ (AZZ) has 4 splits in our AZZ split history database. The first split for AZZ took place on May 07, 2007. This was a 2 for 1 split, meaning for each share of AZZ 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. AZZ's second split took place on July 31, 2012. This was a 2 for 1 split, meaning for each share of AZZ 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. AZZ's third split took place on August 31, 1990. This was a 105 for 100 split, meaning for each 100 shares of AZZ owned pre-split, the shareholder now owned 105 shares. For example, a 4000 share position pre-split, became a 4200 share position following the split. AZZ's 4th split took place on August 30, 1991. This was a 105 for 100 split, meaning for each 100 shares of AZZ owned pre-split, the shareholder now owned 105 shares. For example, a 4200 share position pre-split, became a 4410 share position following the split.
When a company such as AZZ 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 AZZ split history from start to finish, an original position size of 1000 shares would have turned into 4410 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into AZZ shares, starting with a $10,000 purchase of AZZ, presented on a split-history-adjusted basis factoring in the complete AZZ split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
09/16/2014 |
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| End date: |
09/13/2024 |
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| Start price/share: |
$44.25 |
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| End price/share: |
$78.57 |
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| Starting shares: |
225.99 |
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| Ending shares: |
259.81 |
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| Dividends reinvested/share: |
$6.47 |
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| Total return: |
104.13% |
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| Average Annual Total Return: |
7.40% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$20,419.39 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
09/16/2014 |
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| End date: |
09/13/2024 |
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| Start price/share: |
$44.25 |
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| End price/share: |
$78.57 |
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| Dividends collected/share: |
$6.47 |
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| Total return: |
92.18% |
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| Average Annual Total Return: |
6.75% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$19,216.70 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 05/07/2007 | 2 for 1 | | 07/31/2012 | 2 for 1 | | 08/31/1990 | 105 for 100 | | 08/30/1991 | 105 for 100 |
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