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 Video: What is a Stock Split?
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| A. Schulman is a supplier of plastic formulations, resins, and services and provides solutions to meet its customers' requirements through proprietary and custom-formulated products. Co.'s customers span a range of markets such as packaging, mobility, building and construction, electronics and electrical, agriculture, personal care and hygiene, custom services, and sports, home and leisure. Co. has three product families: Engineered Composites; Custom Concentrates and Services, which consists of Custom Performance Colors, Masterbatch Solutions, and Specialty Powders product groups; and Performance Materials, which consists of Engineered Plastics and Distribution Services product groups. According to our SHLM split history records, SHLM has had 5 splits. | |
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SHLM (SHLM) has 5 splits in our SHLM split history database. The first split for SHLM took place on February 18, 1987. This was a 3 for 2
split, meaning for each 2
shares of SHLM 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. SHLM's second split took place on March 23, 1989. This was a 3 for 2
split, meaning for each 2
shares of SHLM 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. SHLM's third split took place on September 06, 1990. This was a 3 for 2
split, meaning for each 2
shares of SHLM 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. SHLM's 4th split took place on January 14, 1992. This was a 3 for 2
split, meaning for each 2
shares of SHLM owned pre-split, the shareholder now owned 3 shares. For example, a 3375 share position pre-split, became a 5062.5 share position following the split. SHLM's 5th split took place on April 18, 1994. This was a 5 for 4 split, meaning for each 4 shares of SHLM owned pre-split, the shareholder now owned 5 shares. For example, a 5062.5 share position pre-split, became a 6328.125 share position following the split.
When a company such as SHLM 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 SHLM split history from start to finish, an original position size of 1000 shares would have turned into 6328.125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SHLM shares, starting with a $10,000 purchase of SHLM, presented on a split-history-adjusted basis factoring in the complete SHLM split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/09/2014 |
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| End date: |
08/22/2018 |
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| Start price/share: |
$39.64 |
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| End price/share: |
$44.00 |
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| Starting shares: |
252.27 |
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| Ending shares: |
277.24 |
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| Dividends reinvested/share: |
$3.17 |
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| Total return: |
21.99% |
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| Average Annual Total Return: |
5.52% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$12,200.30 |
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| Years: |
3.70 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/09/2014 |
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| End date: |
08/22/2018 |
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| Start price/share: |
$39.64 |
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| End price/share: |
$44.00 |
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| Dividends collected/share: |
$3.17 |
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| Total return: |
18.98% |
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| Average Annual Total Return: |
4.81% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,899.21 |
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| Years: |
3.70 |
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| Date |
Ratio |
| 02/18/1987 | 3 for 2
| | 03/23/1989 | 3 for 2
| | 09/06/1990 | 3 for 2
| | 01/14/1992 | 3 for 2
| | 04/18/1994 | 5 for 4 |
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