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 Video: What is a Stock Split?
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| Stepan produces specialty and intermediate chemicals, which are sold to other manufacturers and used in a variety of end products. Co. has three reportable segments: Surfactants, which are chemical agents that can provide actions such as detergency (i.e., the ability of water to remove soil from another surface), wetting and foaming, dispersing, emulsification (aiding two dissimilar liquids to mix), demulsification, viscosity modifications and biocidal disinfectants; Polymers, which include polyurethane polyols, polyester resins and phthalic anhydride; and Specialty Products, which are chemicals used in food, flavoring, nutritional supplement and pharmaceutical applications. According to our SCL split history records, Stepan has had 2 splits. | |
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Stepan (SCL) has 2 splits in our SCL split history database. The first split for SCL took place on December 16, 1994. This was a 2 for 1
split, meaning for each share of SCL 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. SCL's second split took place on December 17, 2012. This was a 2 for 1 split, meaning for each share of SCL owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as Stepan 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 SCL split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Stepan shares, starting with a $10,000 purchase of SCL, presented on a split-history-adjusted basis factoring in the complete SCL split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/07/2014 |
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| End date: |
10/04/2024 |
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| Start price/share: |
$43.04 |
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| End price/share: |
$77.24 |
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| Starting shares: |
232.34 |
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| Ending shares: |
264.03 |
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| Dividends reinvested/share: |
$10.82 |
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| Total return: |
103.94% |
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| Average Annual Total Return: |
7.39% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$20,400.39 |
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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: |
10/07/2014 |
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| End date: |
10/04/2024 |
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| Start price/share: |
$43.04 |
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| End price/share: |
$77.24 |
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| Dividends collected/share: |
$10.82 |
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| Total return: |
104.60% |
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| Average Annual Total Return: |
7.42% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$20,457.45 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 12/16/1994 | 2 for 1
| | 12/17/2012 | 2 for 1 |
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