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 Video: What is a Stock Split?
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| Steel Dynamics, Inc. is a steel producer and metal recycler in the North America. Its segments include Steel Operations, Metals Recycling Operations, Steel Fabrication Operations and Aluminum Operations. Steel Operations segment consists primarily of steelmaking and various coating operations. Metals Recycling operations segment include both ferrous and nonferrous scrap metal processing, transportation, marketing, brokerage and scrap management services, strategically located primarily in close proximity to its steel mills and other end-user scrap consumers, across the U.S., and Central and Northern Mexico. According to our Steel Dynamics stock split history records, Steel Dynamics has had 2 splits. | |
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Steel Dynamics (STLD) has 2 splits in our Steel Dynamics stock split history database. The first split for STLD took place on November 21, 2006. This was a 2 for 1 split, meaning for each share of STLD 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. STLD's second split took place on March 31, 2008. This was a 2 for 1 split, meaning for each share of STLD 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.
When a company such as Steel Dynamics 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 Steel Dynamics stock split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Steel Dynamics shares, starting with a $10,000 purchase of STLD, presented on a split-history-adjusted basis factoring in the complete Steel Dynamics stock split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/12/2014 |
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| End date: |
12/10/2024 |
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| Start price/share: |
$20.37 |
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| End price/share: |
$135.29 |
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| Starting shares: |
490.92 |
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| Ending shares: |
611.51 |
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| Dividends reinvested/share: |
$10.04 |
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| Total return: |
727.32% |
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| Average Annual Total Return: |
23.52% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$82,722.60 |
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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: |
12/12/2014 |
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| End date: |
12/10/2024 |
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| Start price/share: |
$20.37 |
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| End price/share: |
$135.29 |
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| Dividends collected/share: |
$10.04 |
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| Total return: |
613.45% |
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| Average Annual Total Return: |
21.71% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$71,366.83 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 11/21/2006 | 2 for 1 | | 03/31/2008 | 2 for 1 |
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