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Saia (SAIA) has 1 split in our SAIA split history database. The split for SAIA took place on June 14, 2013. This was a 3 for 2 split, meaning for each 2 shares of SAIA owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split.
When a company such as Saia 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 SAIA split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Saia shares, starting with a $10,000 purchase of SAIA, presented on a split-history-adjusted basis factoring in the complete SAIA split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||36.79%|
|Saia is a transportation company. Co. provides regional and interregional less-than-truckload (LTL) services through a single integrated organization. Co. also provides customers a range of other services, including non-asset truckload, expedited and logistics services across North America. Co.'s subsidiary, Saia Motor Freight Line, LLC (Saia LTL Freight) is an LTL carrier that serves several states. Saia LTL Freight is engaged in providing its customers a range of regional and interregional LTL services including time-definite and expedited options. Saia LTL Freight primarily provides its customers with solutions for shipments between 100 and 10,000 pounds. According to our SAIA split history records, Saia has had 1 split.|
|SAIA Split History Table|
|06/14/2013||3 for 2|
|Industrials Stock Splits|
|SAIA is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: SAIA shares outstanding history