 |
 Video: What is a Stock Split?
|
|
|
| 3M Co. is a diversified technology company. Co. is a manufacturer and marketer of a variety of products and services. Co.'s segments include Safety and Industrial, Transportation and Electronics, and Consumer. Its Safety and Industrial segment include abrasives, automotive aftermarket, closure and masking systems, electrical markets, personal safety, roofing granules, and industrial adhesives and tapes. This segment offers collision repair and paint spray products, and reclosable fasteners, tapes and label materials for durable goods. According to our 3M stock split history records, 3M has had 5 splits. | |
|
3M (MMM) has 5 splits in our 3M stock split history database. The first split for MMM took place on June 16, 1972. This was a 2 for 1
split, meaning for each share of MMM 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. MMM's second split took place on June 16, 1987. This was a 2 for 1
split, meaning for each share of MMM owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. MMM's third split took place on April 11, 1994. This was a 2 for 1
split, meaning for each share of MMM owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split. MMM's 4th split took place on September 30, 2003. This was a 2 for 1 split, meaning for each share of MMM owned pre-split, the shareholder now owned 2 shares. For example, a 8000 share position pre-split, became a 16000 share position following the split. MMM's 5th split took place on April 01, 2024. This was a 1196 for 1000 split, meaning for each 1000 shares of MMM owned pre-split, the shareholder now owned 1196 shares. For example, a 16000 share position pre-split, became a 19136 share position following the split.
When a company such as 3M 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 3M stock split history from start to finish, an original position size of 1000 shares would have turned into 19136 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into 3M shares, starting with a $10,000 purchase of MMM, presented on a split-history-adjusted basis factoring in the complete 3M stock split history.
Growth of $10,000.00
With Dividends Reinvested
|
| Start date: |
12/12/2014 |
|
| End date: |
12/10/2024 |
|
| Start price/share: |
$131.37 |
|
| End price/share: |
$129.77 |
|
| Starting shares: |
76.12 |
|
| Ending shares: |
106.74 |
|
| Dividends reinvested/share: |
$43.66 |
|
| Total return: |
38.51% |
|
| Average Annual Total Return: |
3.31% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$13,850.40 |
|
| Years: |
10.00 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
12/12/2014 |
|
| End date: |
12/10/2024 |
|
| Start price/share: |
$131.37 |
|
| End price/share: |
$129.77 |
|
| Dividends collected/share: |
$43.66 |
|
| Total return: |
32.02% |
|
| Average Annual Total Return: |
2.82% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$13,207.15 |
|
| Years: |
10.00 |
|
|
|
| Date |
Ratio |
| 06/16/1972 | 2 for 1
| | 06/16/1987 | 2 for 1
| | 04/11/1994 | 2 for 1
| | 09/30/2003 | 2 for 1 | | 04/01/2024 | 1196 for 1000 |
|
|
Free MMM Email Alerts:
