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 Video: What is a Stock Split?
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| Sonoco Products is a manufacturer of a variety of consumer, industrial and healthcare packaging products. Co. has two segments: Consumer Packaging, which includes round and shaped rigid paper containers, fiber and plastic caulk/adhesive tubes, rotogravure cylinder engraving and global brand artwork management; and Industrial Paper Packaging, which includes recycled paperboard, chipboard, tubeboard, lightweight corestock, boxboard, corrugating medium, edgeboard, specialty paper grades, and adhesives. All remaining businesses reported as All Other, which includes thermoformed rigid plastics trays and devices, custom-engineered, molded foam packaging and components, and paper amenities. According to our SON split history records, Sonoco Products has had 2 splits. | |
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Sonoco Products (SON) has 2 splits in our SON split history database. The first split for SON took place on June 11, 1993. This was a 2 for 1
split, meaning for each share of SON 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. SON's second split took place on May 13, 1998. This was a 11 for 10
split, meaning for each 10
shares of SON owned pre-split, the shareholder now owned 11 shares. For example, a 2000 share position pre-split, became a 2200 share position following the split.
When a company such as Sonoco Products 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 SON split history from start to finish, an original position size of 1000 shares would have turned into 2200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Sonoco Products shares, starting with a $10,000 purchase of SON, presented on a split-history-adjusted basis factoring in the complete SON 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: |
$40.80 |
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| End price/share: |
$54.24 |
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| Starting shares: |
245.10 |
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| Ending shares: |
336.29 |
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| Dividends reinvested/share: |
$17.02 |
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| Total return: |
82.40% |
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| Average Annual Total Return: |
6.19% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$18,235.08 |
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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: |
$40.80 |
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| End price/share: |
$54.24 |
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| Dividends collected/share: |
$17.02 |
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| Total return: |
74.66% |
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| Average Annual Total Return: |
5.73% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$17,460.18 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/11/1993 | 2 for 1
| | 05/13/1998 | 11 for 10
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