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 Video: What is a Stock Split?
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| Companhia Siderurgica Nacional is a steel producer in Brazil and Latin America. Co. operates throughout the entire steel production chain, from the mining of iron ore to the production and sale of a range of steel products. Co. divides its business into five segments: steel, which produces carbon steel; mining, which sells its iron ore products mainly in Asia, Europe and Brazil; cement, which is comprised of a cement plant in Volta Redonda, in the state of Rio de Janeiro, and in Arcos, in the state of Minas Gerais; logistics, which comprises railway and port facilities; and energy, which is comprised of generation plants. According to our SID split history records, Companhia Siderurgica Nacional has had 3 splits. | |
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Companhia Siderurgica Nacional (SID) has 3 splits in our SID split history database. The first split for SID took place on June 10, 2004. This was a 4 for 1 split, meaning for each share of SID owned pre-split, the shareholder now owned 4 shares. For example, a 1000 share position pre-split, became a 4000 share position following the split. SID's second split took place on February 11, 2008. This was a 3 for 1 split, meaning for each share of SID owned pre-split, the shareholder now owned 3 shares. For example, a 4000 share position pre-split, became a 12000 share position following the split. SID's third split took place on April 07, 2010. This was a 2 for 1 split, meaning for each share of SID owned pre-split, the shareholder now owned 2 shares. For example, a 12000 share position pre-split, became a 24000 share position following the split.
When a company such as Companhia Siderurgica Nacional 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 SID split history from start to finish, an original position size of 1000 shares would have turned into 24000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Companhia Siderurgica Nacional shares, starting with a $10,000 purchase of SID, presented on a split-history-adjusted basis factoring in the complete SID split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
01/23/2015 |
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| End date: |
01/21/2025 |
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| Start price/share: |
$1.91 |
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| End price/share: |
$1.39 |
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| Starting shares: |
5,235.60 |
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| Ending shares: |
8,573.43 |
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| Dividends reinvested/share: |
$1.71 |
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| Total return: |
19.17% |
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| Average Annual Total Return: |
1.77% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,918.42 |
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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: |
01/23/2015 |
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| End date: |
01/21/2025 |
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| Start price/share: |
$1.91 |
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| End price/share: |
$1.39 |
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| Dividends collected/share: |
$1.71 |
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| Total return: |
62.20% |
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| Average Annual Total Return: |
4.95% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$16,213.69 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/10/2004 | 4 for 1 | | 02/11/2008 | 3 for 1 | | 04/07/2010 | 2 for 1 |
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