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 Video: What is a Stock Split?
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| Smith & Nephew is a medical technology company. Co. has a global franchise structure with three franchises: Orthopaedics, which includes a range of Hip and Knee Implants used to replace diseased, damaged or worn joints, robotics-assisted and digital enabling technologies, and services that empower surgeons, and Trauma and Extremities products used to stabilise severe fractures and correct hard tissue deformities; Sports Medicine and Ear, Nose and Throat, which provide products and instruments used to repair or remove soft tissue; and Advance Wound Management, which provides a set of products and services to meet clinical needs. According to our SNN split history records, Smith and Nephew has had 2 splits. | |
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Smith and Nephew (SNN) has 2 splits in our SNN split history database. The first split for SNN took place on December 16, 2003. This was a 2 for 1 split, meaning for each share of SNN 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. SNN's second split took place on October 15, 2014. This was a 2499 for 1000 split, meaning for each 1000 shares of SNN owned pre-split, the shareholder now owned 2499 shares. For example, a 2000 share position pre-split, became a 4998 share position following the split.
When a company such as Smith and Nephew 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 SNN split history from start to finish, an original position size of 1000 shares would have turned into 4998 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Smith and Nephew shares, starting with a $10,000 purchase of SNN, presented on a split-history-adjusted basis factoring in the complete SNN 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: |
$35.10 |
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| End price/share: |
$31.64 |
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| Starting shares: |
284.90 |
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| Ending shares: |
353.04 |
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| Dividends reinvested/share: |
$6.99 |
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| Total return: |
11.70% |
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| Average Annual Total Return: |
1.11% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,167.46 |
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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: |
$35.10 |
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| End price/share: |
$31.64 |
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| Dividends collected/share: |
$6.99 |
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| Total return: |
10.07% |
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| Average Annual Total Return: |
0.96% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,002.84 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 12/16/2003 | 2 for 1 | | 10/15/2014 | 2499 for 1000 |
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