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 Video: What is a Stock Split?
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| Commercial Metals manufactures, recycles and fabricates steel and metal products and provides related materials and services through a network of facilities that includes its electric arc furnace (EAF) mini mills, its EAF micro mills, its rerolling mill, steel fabrication and processing plants, construction-related product warehouses and metal recycling facilities in the U.S. and Poland. Through its Tensar operations, Co. is a global provider of ground and soil stabilization solutions selling into various national markets through the following primary product lines: Tensar® geogrids and Geopier® foundation systems. According to our CMC split history records, Commercial Metals has had 5 splits. | |
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Commercial Metals (CMC) has 5 splits in our CMC split history database. The first split for CMC took place on December 27, 1988. This was a 7 for 5
split, meaning for each 5
shares of CMC owned pre-split, the shareholder now owned 7 shares. For example, a 1000 share position pre-split, became a 1400 share position following the split. CMC's second split took place on December 28, 1993. This was a 4 for 3
split, meaning for each 3
shares of CMC owned pre-split, the shareholder now owned 4 shares. For example, a 1400 share position pre-split, became a 1866.66666666667 share position following the split. CMC's third split took place on July 01, 2002. This was a 2 for 1 split, meaning for each share of CMC owned pre-split, the shareholder now owned 2 shares. For example, a 1866.66666666667 share position pre-split, became a 3733.33333333333 share position following the split. CMC's 4th split took place on January 11, 2005. This was a 2 for 1 split, meaning for each share of CMC owned pre-split, the shareholder now owned 2 shares. For example, a 3733.33333333333 share position pre-split, became a 7466.66666666667 share position following the split. CMC's 5th split took place on May 23, 2006. This was a 2 for 1 split, meaning for each share of CMC owned pre-split, the shareholder now owned 2 shares. For example, a 7466.66666666667 share position pre-split, became a 14933.3333333333 share position following the split.
When a company such as Commercial Metals 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 CMC split history from start to finish, an original position size of 1000 shares would have turned into 14933.3333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Commercial Metals shares, starting with a $10,000 purchase of CMC, presented on a split-history-adjusted basis factoring in the complete CMC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/21/2014 |
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| End date: |
04/16/2024 |
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| Start price/share: |
$19.18 |
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| End price/share: |
$55.23 |
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| Starting shares: |
521.38 |
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| Ending shares: |
652.44 |
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| Dividends reinvested/share: |
$5.04 |
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| Total return: |
260.34% |
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| Average Annual Total Return: |
13.68% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$36,019.32 |
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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: |
04/21/2014 |
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| End date: |
04/16/2024 |
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| Start price/share: |
$19.18 |
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| End price/share: |
$55.23 |
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| Dividends collected/share: |
$5.04 |
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| Total return: |
214.23% |
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| Average Annual Total Return: |
12.14% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$31,429.17 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 12/27/1988 | 7 for 5
| | 12/28/1993 | 4 for 3
| | 07/01/2002 | 2 for 1 | | 01/11/2005 | 2 for 1 | | 05/23/2006 | 2 for 1 |
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