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 Video: What is a Stock Split?
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| Scotts Miracle-Gro is engaged in the manufacturing, marketing and sale of products for lawn and garden care and indoor and hydroponic gardening. Co. divides its business into the following reportable segments: U.S. Consumer, Hawthorne, and Other. U.S. Consumer consists of Co.'s consumer lawn and garden business in the U.S. Hawthorne consists of Co.'s indoor and hydroponic gardening business. Other primarily consists of Co.'s consumer lawn and garden business outside the U.S. Co. manufactures, markets and sells lawn and garden products in the following categories: lawn care, gardening and landscape, hydroponic hardware and growing environments, lighting, controls, and marketing agreement. 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: |
10/01/2013 |
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| End date: |
09/27/2023 |
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| Start price/share: |
$55.50 |
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| End price/share: |
$52.95 |
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| Starting shares: |
180.18 |
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| Ending shares: |
247.75 |
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| Dividends reinvested/share: |
$28.39 |
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| Total return: |
31.18% |
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| Average Annual Total Return: |
2.75% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$13,114.56 |
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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: |
10/01/2013 |
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| End date: |
09/27/2023 |
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| Start price/share: |
$55.50 |
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| End price/share: |
$52.95 |
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| Dividends collected/share: |
$28.39 |
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| Total return: |
46.57% |
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| Average Annual Total Return: |
3.90% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,657.65 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 11/10/2005 | 2 for 1 |
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