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 Video: What is a Stock Split?
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| Rayonier Inc. is a timberland real estate investment trust (REIT) with assets located in productive softwood timber growing regions in the U.S. and New Zealand. Co.'s segments include Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate and Trading. It owns, leases or manages approximately 2.7 million acres of timberland and real estate located in the U.S. South (1.85 million acres), U.S. Pacific Northwest (418,000 acres) and New Zealand (421,000 gross acres, or 297,000 net plan table acres). In addition, it engages in the trading of logs to Pacific Rim markets, predominantly from New Zealand and Australia, to support its New Zealand export operations. According to our RYN split history records, Rayonier has had 5 splits. | |
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Rayonier (RYN) has 5 splits in our RYN split history database. The first split for RYN took place on June 13, 2003. This was a 3 for 2 split, meaning for each 2 shares of RYN 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. RYN's second split took place on October 18, 2005. This was a 3 for 2 split, meaning for each 2 shares of RYN 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. RYN's third split took place on August 25, 2011. This was a 3 for 2 split, meaning for each 2 shares of RYN owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split. RYN's 4th split took place on November 12, 2003. This was a 1187 for 1000 split, meaning for each 1000 shares of RYN owned pre-split, the shareholder now owned 1187 shares. For example, a 3375 share position pre-split, became a 4006.125 share position following the split. RYN's 5th split took place on June 30, 2014. This was a 1339 for 1000 split, meaning for each 1000 shares of RYN owned pre-split, the shareholder now owned 1339 shares. For example, a 4006.125 share position pre-split, became a 5364.201375 share position following the split.
When a company such as Rayonier 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 RYN split history from start to finish, an original position size of 1000 shares would have turned into 5364.201375 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Rayonier shares, starting with a $10,000 purchase of RYN, presented on a split-history-adjusted basis factoring in the complete RYN split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/05/2014 |
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| End date: |
12/03/2024 |
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| Start price/share: |
$27.03 |
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| End price/share: |
$31.71 |
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| Starting shares: |
369.96 |
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| Ending shares: |
533.24 |
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| Dividends reinvested/share: |
$10.87 |
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| Total return: |
69.09% |
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| Average Annual Total Return: |
5.39% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$16,906.61 |
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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: |
12/05/2014 |
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| End date: |
12/03/2024 |
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| Start price/share: |
$27.03 |
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| End price/share: |
$31.71 |
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| Dividends collected/share: |
$10.87 |
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| Total return: |
57.53% |
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| Average Annual Total Return: |
4.65% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,756.02 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/13/2003 | 3 for 2 | | 10/18/2005 | 3 for 2 | | 08/25/2011 | 3 for 2 | | 11/12/2003 | 1187 for 1000 | | 06/30/2014 | 1339 for 1000 |
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