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 Video: What is a Stock Split?
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| Schnitzer Steel Industries engages as a recycler of ferrous and nonferrous metal, including end-of-life vehicles, and a manufacturer of finished steel products. Co. acquires, processes, and recycles end-of-life (salvaged) vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap through its facilities. At its metals recycling facilities, Co. processes mixed and large pieces of scrap metal into smaller pieces by crushing, torching, shearing, shredding, separating, and sorting, resulting in recycled ferrous, nonferrous, and mixed metal pieces of a size, density, and metal content required by customers to meet their production needs. According to our SCHN split history records, SCHN has had 2 splits. | |
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SCHN (SCHN) has 2 splits in our SCHN split history database. The first split for SCHN took place on August 15, 2003. This was a 2 for 1 split, meaning for each share of SCHN 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. SCHN's second split took place on March 26, 2004. This was a 3 for 2 split, meaning for each 2 shares of SCHN owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 3000 share position following the split.
When a company such as SCHN 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 SCHN split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SCHN shares, starting with a $10,000 purchase of SCHN, presented on a split-history-adjusted basis factoring in the complete SCHN split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/29/2014 |
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| End date: |
08/31/2023 |
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| Start price/share: |
$28.28 |
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| End price/share: |
$33.20 |
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| Starting shares: |
353.61 |
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| Ending shares: |
475.43 |
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| Dividends reinvested/share: |
$7.14 |
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| Total return: |
57.84% |
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| Average Annual Total Return: |
5.01% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,790.83 |
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| Years: |
9.35 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/29/2014 |
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| End date: |
08/31/2023 |
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| Start price/share: |
$28.28 |
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| End price/share: |
$33.20 |
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| Dividends collected/share: |
$7.14 |
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| Total return: |
42.66% |
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| Average Annual Total Return: |
3.88% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,272.31 |
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| Years: |
9.35 |
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| Date |
Ratio |
| 08/15/2003 | 2 for 1 | | 03/26/2004 | 3 for 2 |
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