 |
 Video: What is a Stock Split?
|
|
|
| Friedman Industries is a manufacturer and processor of steel products. Co.'s reportable segments are: coil products and tubular products. The coil product segment consists of the operation of Co.'s hot-rolled coil processing facilities which operate temper mills and and stretcher leveler cut-to-length lines; and Tubular Products, which consists of Co.'s Texas Tubular Products division that operates electric resistance welded pipe mills with a combined outside diameter licensed to manufacture line pipe and oil country pipe and also manufacture pipe for structural purposes that meets other recognized industry standards. According to our FRD split history records, Friedman Industries has had 9 splits. | |
|
Friedman Industries (FRD) has 9 splits in our FRD split history database. The first split for FRD took place on April 29, 1998. This was a 21 for 20
split, meaning for each 20
shares of FRD owned pre-split, the shareholder now owned 21 shares. For example, a 1000 share position pre-split, became a 1050 share position following the split. FRD's second split took place on April 28, 1999. This was a 105 for 100
split, meaning for each 100
shares of FRD owned pre-split, the shareholder now owned 105 shares. For example, a 1050 share position pre-split, became a 1102.5 share position following the split. FRD's third split took place on April 26, 2000. This was a 105 for 100
split, meaning for each 100
shares of FRD owned pre-split, the shareholder now owned 105 shares. For example, a 1102.5 share position pre-split, became a 1157.625 share position following the split. FRD's 4th split took place on April 06, 1992. This was a 21 for 20 split, meaning for each 20 shares of FRD owned pre-split, the shareholder now owned 21 shares. For example, a 1157.625 share position pre-split, became a 1215.50625 share position following the split. FRD's 5th split took place on April 02, 1993. This was a 21 for 20 split, meaning for each 20 shares of FRD owned pre-split, the shareholder now owned 21 shares. For example, a 1215.50625 share position pre-split, became a 1276.2815625 share position following the split. FRD's 6th split took place on April 11, 1994. This was a 21 for 20 split, meaning for each 20 shares of FRD owned pre-split, the shareholder now owned 21 shares. For example, a 1276.2815625 share position pre-split, became a 1340.095640625 share position following the split. FRD's 7th split took place on April 17, 1995. This was a 21 for 20 split, meaning for each 20 shares of FRD owned pre-split, the shareholder now owned 21 shares. For example, a 1340.095640625 share position pre-split, became a 1407.10042265625 share position following the split. FRD's 8th split took place on April 24, 1996. This was a 21 for 20 split, meaning for each 20 shares of FRD owned pre-split, the shareholder now owned 21 shares. For example, a 1407.10042265625 share position pre-split, became a 1477.45544378906 share position following the split. FRD's 9th split took place on April 23, 1997. This was a 21 for 20 split, meaning for each 20 shares of FRD owned pre-split, the shareholder now owned 21 shares. For example, a 1477.45544378906 share position pre-split, became a 1551.32821597852 share position following the split.
When a company such as Friedman Industries 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 FRD split history from start to finish, an original position size of 1000 shares would have turned into 1551.32821597852 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Friedman Industries shares, starting with a $10,000 purchase of FRD, presented on a split-history-adjusted basis factoring in the complete FRD split history.
Growth of $10,000.00
With Dividends Reinvested
|
| Start date: |
04/24/2014 |
|
| End date: |
04/22/2024 |
|
| Start price/share: |
$8.35 |
|
| End price/share: |
$19.01 |
|
| Starting shares: |
1,197.60 |
|
| Ending shares: |
1,330.40 |
|
| Dividends reinvested/share: |
$0.79 |
|
| Total return: |
152.91% |
|
| Average Annual Total Return: |
9.72% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$25,291.14 |
|
| Years: |
10.00 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
04/24/2014 |
|
| End date: |
04/22/2024 |
|
| Start price/share: |
$8.35 |
|
| End price/share: |
$19.01 |
|
| Dividends collected/share: |
$0.79 |
|
| Total return: |
137.13% |
|
| Average Annual Total Return: |
9.02% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$23,722.72 |
|
| Years: |
10.00 |
|
|
|
| Date |
Ratio |
| 04/29/1998 | 21 for 20
| | 04/28/1999 | 105 for 100
| | 04/26/2000 | 105 for 100
| | 04/06/1992 | 21 for 20 | | 04/02/1993 | 21 for 20 | | 04/11/1994 | 21 for 20 | | 04/17/1995 | 21 for 20 | | 04/24/1996 | 21 for 20 | | 04/23/1997 | 21 for 20 |
|
|
Free FRD Email Alerts:
