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AK Steel Holding (AKS) has 1 split in our AKS split history database. The split for AKS took place on November 18, 1997. This was a 2 for 1 split, meaning for each share of AKS 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.
When a company such as AK Steel Holding 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 AKS split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into AK Steel Holding shares, starting with a $10,000 purchase of AKS, presented on a split-history-adjusted basis factoring in the complete AKS split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||-18.43%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-17.51%|
|About AK Steel Holding|
|AK Steel Holding is a producer of flat-rolled carbon, stainless and electrical steels products primarily for the automotive, infrastructure and manufacturing, and distributors and converters markets through its wholly-owned subsidiary, AK Steel Corporation. Co.'s other subsidiaries also provide customer solutions with carbon and stainless steel tubing products, solutions, tool design, hot- and cold-stamped steel components and assemblies. Co. sells its carbon steel products mainly to customers in North America, and it sells its electrical and stainless steel products primarily in North America and Europe. Co. also produces metallurgical coal through its AK Coal Resources, Inc. subsidiary. According to our AKS split history records, AK Steel Holding has had 1 split.|
|AKS Split History Table|
|11/18/1997||2 for 1|
|Materials Stock Splits|
|AKS is categorized under the Materials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: AKS shares outstanding history