Schnitzer Steel Industries Inc. (RDUS) Stock Split History

Schnitzer Steel Industries Inc. has split its stock 2 times since its initial public offering (IPO). The first stock split occurred on August 15, 2003 with the ratio of 2-for-1, meaning that for 1 share of RDUS owned pre-split, shareholders then owned 2 shares. The most recent stock split took place on March 26, 2004 on a 3-for-2 basis.

These actions have increased RDUS stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only change the number of shares and the price per share with no impact on Schnitzer Steel Industries Inc.'s total market capitalization.

For more detailed information of Schnitzer Steel Industries Inc.'s stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Schnitzer Steel Industries Inc. has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when RDUS stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Schnitzer Steel Industries Inc.'s board of directors. Typically, no action is taken until its price per share reaches a specific threshold.