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 Video: What is a Stock Split?
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| Reliance Steel & Aluminum is a metal solutions provider and a metals service center company in North America (U.S. and Canada). Co. provides metals processing services and distributes a line of metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and specialty steel products, to its customers in a range of industries, including general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industry. Co. also services the auto industry, primarily through its toll processing operations where it processes the metal for a fee, without taking ownership of the metal. According to our RS split history records, Reliance Steel and Aluminum has had 3 splits. | |
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Reliance Steel and Aluminum (RS) has 3 splits in our RS split history database. The first split for RS took place on June 30, 1997. This was a 3 for 2
split, meaning for each 2
shares of RS owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. RS's second split took place on September 27, 1999. This was a 3 for 2
split, meaning for each 2
shares of RS owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. RS's third split took place on July 20, 2006. This was a 2 for 1 split, meaning for each share of RS owned pre-split, the shareholder now owned 2 shares. For example, a 2250 share position pre-split, became a 4500 share position following the split.
When a company such as Reliance Steel and Aluminum 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 RS split history from start to finish, an original position size of 1000 shares would have turned into 4500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Reliance Steel and Aluminum shares, starting with a $10,000 purchase of RS, presented on a split-history-adjusted basis factoring in the complete RS split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/07/2013 |
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| End date: |
10/04/2023 |
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| Start price/share: |
$72.37 |
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| End price/share: |
$257.62 |
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| Starting shares: |
138.18 |
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| Ending shares: |
171.38 |
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| Dividends reinvested/share: |
$22.73 |
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| Total return: |
341.52% |
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| Average Annual Total Return: |
16.01% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$44,134.43 |
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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: |
10/07/2013 |
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| End date: |
10/04/2023 |
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| Start price/share: |
$72.37 |
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| End price/share: |
$257.62 |
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| Dividends collected/share: |
$22.73 |
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| Total return: |
287.39% |
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| Average Annual Total Return: |
14.51% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$38,750.11 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/30/1997 | 3 for 2
| | 09/27/1999 | 3 for 2
| | 07/20/2006 | 2 for 1 |
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