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 Video: What is a Stock Split?
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| STERIS is a provider of products and services which focused on infection prevention. Co.'s business segments are: Healthcare, which provides infection prevention and procedural products and services, including consumable products and equipment maintenance and installation services; Applied Sterilization Technologies, which provides contract sterilization and testing services for medical device and pharmaceutical manufacturers; Life Sciences, which provides consumable products, equipment maintenance, other services and capital equipment; and Dental, which provides instruments, infection prevention consumables and instrument management systems dental practitioners and dental schools. According to our STERIS stock split history records, STERIS has had 2 splits. | |
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STERIS (STE) has 2 splits in our STERIS stock split history database. The first split for STE took place on August 25, 1995. This was a 2 for 1
split, meaning for each share of STE 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. STE's second split took place on August 25, 1998. This was a 2 for 1
split, meaning for each share of STE 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 STERIS 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 STERIS 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 STERIS shares, starting with a $10,000 purchase of STE, presented on a split-history-adjusted basis factoring in the complete STERIS stock split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
06/11/2013 |
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| End date: |
06/09/2023 |
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| Start price/share: |
$44.75 |
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| End price/share: |
$206.98 |
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| Starting shares: |
223.46 |
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| Ending shares: |
252.48 |
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| Dividends reinvested/share: |
$12.69 |
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| Total return: |
422.57% |
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| Average Annual Total Return: |
17.98% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$52,249.71 |
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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: |
06/11/2013 |
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| End date: |
06/09/2023 |
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| Start price/share: |
$44.75 |
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| End price/share: |
$206.98 |
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| Dividends collected/share: |
$12.69 |
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| Total return: |
390.88% |
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| Average Annual Total Return: |
17.25% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$49,105.32 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 08/25/1995 | 2 for 1
| | 08/25/1998 | 2 for 1
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