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|SR Stock Split History|
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Spire (SR) has 1 split in our SR split history database. The split for SR took place on May 10, 2013. This was a 1 for 5 reverse split, meaning for each 5 shares of SR owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as Spire 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 SR split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Spire shares, starting with a $10,000 purchase of SR, presented on a split-history-adjusted basis factoring in the complete SR split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||-3.17%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-2.89%|
|Spire is the holding company for Spire Missouri Inc. (Spire Missouri), Spire Alabama Inc. (Spire Alabama), other gas utilities, and gas-related businesses. Co.'s segments are: Gas Utility, which includes Spire Missouri, a natural gas distribution utility system in Missouri, and Spire Alabama, a public utility engaged in the purchase, retail distribution and sale of natural gas principally in central and northern Alabama; and Gas Marketing, which includes Co.'s subsidiary, Spire Marketing Inc. that is engaged in the marketing of natural gas and providing energy services to both on-system utility transportation customers and customers outside of the service areas. According to our SR split history records, Spire has had 1 split.|
|SR Split History Table|
|05/10/2013||1 for 5|
|Utilities Stock Splits|
|SR is categorized under the Utilities sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: SR shares outstanding history