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Video: What is a Stock Split?
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ArcelorMittal is a holding company. Through its subsidiaries, Co. is a steel and mining company. Co. is also a steel producer in Europe, Americas, Africa, and Commonwealth of Independent States. Co. produces flat products, including sheet and plate, and long products, including bars, rods and structural shapes. It also produces pipes and tubes for various applications. Co. sells its products in local markets and to a range of customers in various countries, including the automotive, appliance, engineering, construction and machinery industries. Co.'s mining operations produce various types of mining products including iron ore lump, fines, concentrate, pellets, sinter feed and coking coal. According to our ArcelorMittal SA stock split history records, ArcelorMittal SA has had 1 split. | |
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ArcelorMittal SA (MT) has 1 split in our ArcelorMittal SA stock split history database. The split for MT took place on May 22, 2017. This was a 1 for 3 reverse split, meaning for each 3 shares of MT owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 333.333333333333 share position following the split.
When a company such as ArcelorMittal SA conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the ArcelorMittal SA stock split history from start to finish, an original position size of 1000 shares would have turned into 333.333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ArcelorMittal SA shares, starting with a $10,000 purchase of MT, presented on a split-history-adjusted basis factoring in the complete ArcelorMittal SA stock split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/22/2014 |
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End date: |
04/19/2024 |
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Start price/share: |
$48.81 |
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End price/share: |
$25.39 |
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Starting shares: |
204.88 |
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Ending shares: |
220.85 |
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Dividends reinvested/share: |
$2.02 |
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Total return: |
-43.93% |
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Average Annual Total Return: |
-5.62% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$5,607.89 |
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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: |
04/22/2014 |
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End date: |
04/19/2024 |
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Start price/share: |
$48.81 |
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End price/share: |
$25.39 |
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Dividends collected/share: |
$2.02 |
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Total return: |
-43.84% |
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Average Annual Total Return: |
-5.61% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$5,613.84 |
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Years: |
10.00 |
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Date |
Ratio |
05/22/2017 | 1 for 3 |
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