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 Video: What is a Stock Split?
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| The Scotts Miracle-Gro Co. is a manufacturer and marketer of branded consumer products for lawn and garden care. Co.'s segments include U.S. (U.S.) Consumer, Hawthorne and Other. The U.S. Consumer segment consists of its consumer lawn and garden business in the U.S.. Its consumer lawn and garden brands include Scotts and Turf Builder lawn fertilizer and Scotts grass seed products; Miracle-Gro soil, plant food and gardening products; Ortho herbicide and pesticide products, and Tomcat rodent control and animal repellent products. According to our SMG split history records, Scotts Miracle-Gro has had 1 split. | |
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Scotts Miracle-Gro (SMG) has 1 split in our SMG split history database. The split for SMG took place on November 10, 2005. This was a 2 for 1 split, meaning for each share of SMG 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.
When a company such as Scotts Miracle-Gro 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 SMG split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Scotts Miracle-Gro shares, starting with a $10,000 purchase of SMG, presented on a split-history-adjusted basis factoring in the complete SMG split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
02/17/2015 |
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| End date: |
02/12/2025 |
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| Start price/share: |
$66.11 |
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| End price/share: |
$65.97 |
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| Starting shares: |
151.26 |
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| Ending shares: |
203.69 |
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| Dividends reinvested/share: |
$27.48 |
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| Total return: |
34.37% |
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| Average Annual Total Return: |
3.00% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$13,436.99 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
02/17/2015 |
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| End date: |
02/12/2025 |
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| Start price/share: |
$66.11 |
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| End price/share: |
$65.97 |
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| Dividends collected/share: |
$27.48 |
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| Total return: |
41.36% |
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| Average Annual Total Return: |
3.52% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,130.59 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 11/10/2005 | 2 for 1 |
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