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 Video: What is a Stock Split?
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| Tenaris is engaged in the steel pipe manufacturing and distribution businesses. Co. is organized in one primary business segment, Tubes. The Tubes segment includes the production and sale of both seamless and welded steel tubular products and related services for the oil and gas industry, particularly oil country tubular goods (OCTG) used in drilling operations, and for other industrial applications with production processes that consist in the transformation of steel into tubular products. Business activities included in this segment are dependent on the oil and gas industry worldwide, as this industry is a consumer of steel pipe products, particularly OCTG used in drilling activities. According to our TS split history records, Tenaris SA has had 1 split. | |
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Tenaris SA (TS) has 1 split in our TS split history database. The split for TS took place on April 27, 2006. This was a 5 for 1 split, meaning for each share of TS owned pre-split, the shareholder now owned 5 shares. For example, a 1000 share position pre-split, became a 5000 share position following the split.
When a company such as Tenaris SA 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 TS split history from start to finish, an original position size of 1000 shares would have turned into 5000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Tenaris SA shares, starting with a $10,000 purchase of TS, presented on a split-history-adjusted basis factoring in the complete TS split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/25/2014 |
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| End date: |
04/23/2024 |
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| Start price/share: |
$44.97 |
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| End price/share: |
$37.87 |
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| Starting shares: |
222.37 |
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| Ending shares: |
289.58 |
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| Dividends reinvested/share: |
$7.78 |
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| Total return: |
9.66% |
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| Average Annual Total Return: |
0.93% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$10,970.18 |
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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: |
04/25/2014 |
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| End date: |
04/23/2024 |
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| Start price/share: |
$44.97 |
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| End price/share: |
$37.87 |
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| Dividends collected/share: |
$7.78 |
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| Total return: |
1.51% |
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| Average Annual Total Return: |
0.15% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$10,151.06 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 04/27/2006 | 5 for 1 |
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