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 Video: What is a Stock Split?
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| Cleveland-Cliffs Inc. is a flat-rolled steel producer and engaged in manufacturing iron ore pellets in North America. Co. is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling, and tubing. It offers advanced high-strength steels (AHSS), hot-dipped galvanized, aluminized, galvalume, electrogalvanized, galvanneal, hot-rolled coil (HRC), cold-rolled coil, plate, tinplate, grain oriented electrical steel (GOES), non-oriented electrical steel (NOES), stainless steels, tool and die, stamped components, rail, slab and cast ingot. According to our CLF split history records, Cleveland-Cliffs has had 3 splits. | |
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Cleveland-Cliffs (CLF) has 3 splits in our CLF split history database. The first split for CLF took place on January 03, 2005. This was a 2 for 1 split, meaning for each share of CLF 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. CLF's second split took place on July 03, 2006. This was a 2 for 1 split, meaning for each share of CLF 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. CLF's third split took place on May 16, 2008. This was a 2 for 1 split, meaning for each share of CLF owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split.
When a company such as Cleveland-Cliffs 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 CLF split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Cleveland-Cliffs shares, starting with a $10,000 purchase of CLF, presented on a split-history-adjusted basis factoring in the complete CLF split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
02/17/2015 |
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| End date: |
02/12/2025 |
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| Start price/share: |
$6.89 |
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| End price/share: |
$10.56 |
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| Starting shares: |
1,451.38 |
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| Ending shares: |
1,531.70 |
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| Dividends reinvested/share: |
$0.38 |
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| Total return: |
61.75% |
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| Average Annual Total Return: |
4.93% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$16,176.41 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
02/17/2015 |
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| End date: |
02/12/2025 |
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| Start price/share: |
$6.89 |
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| End price/share: |
$10.56 |
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| Dividends collected/share: |
$0.38 |
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| Total return: |
58.78% |
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| Average Annual Total Return: |
4.73% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,870.88 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 01/03/2005 | 2 for 1 | | 07/03/2006 | 2 for 1 | | 05/16/2008 | 2 for 1 |
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