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 Video: What is a Stock Split?
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| Silgan Holdings is a holding company. Through its subsidiaries, Co. manufactures rigid packaging solutions for consumer goods products. Co.'s three businesses are: dispensing and specialty closures business, which provides a variety of dispensing system solutions, including integrated dispensing packaging solutions, and proprietary metal and plastic specialty closures, as well as capping/sealing equipment and detection systems; metal containers business, which is engaged in the manufacture and sale of steel and aluminum containers; and custom containers business, which produces custom containers from a range of resin materials and provides an array of molding and decorating capabilities. According to our SLGN split history records, Silgan Holdings has had 3 splits. | |
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Silgan Holdings (SLGN) has 3 splits in our SLGN split history database. The first split for SLGN took place on September 16, 2005. This was a 2 for 1 split, meaning for each share of SLGN 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. SLGN's second split took place on May 04, 2010. This was a 2 for 1 split, meaning for each share of SLGN 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. SLGN's third split took place on May 30, 2017. This was a 2 for 1 split, meaning for each share of SLGN owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split.
When a company such as Silgan Holdings 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 SLGN split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Silgan Holdings shares, starting with a $10,000 purchase of SLGN, presented on a split-history-adjusted basis factoring in the complete SLGN split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
09/12/2014 |
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| End date: |
09/10/2024 |
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| Start price/share: |
$24.94 |
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| End price/share: |
$49.96 |
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| Starting shares: |
400.96 |
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| Ending shares: |
460.87 |
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| Dividends reinvested/share: |
$4.91 |
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| Total return: |
130.25% |
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| Average Annual Total Return: |
8.70% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$23,035.34 |
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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: |
09/12/2014 |
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| End date: |
09/10/2024 |
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| Start price/share: |
$24.94 |
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| End price/share: |
$49.96 |
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| Dividends collected/share: |
$4.91 |
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| Total return: |
119.99% |
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| Average Annual Total Return: |
8.20% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$21,997.15 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 09/16/2005 | 2 for 1 | | 05/04/2010 | 2 for 1 | | 05/30/2017 | 2 for 1 |
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