Reliance Steel & Aluminum Co. (RS) Stock Split History

Reliance Steel & Aluminum Co. has split its stock 3 times since its initial public offering (IPO). The first stock split occurred on June 30, 1997 with the ratio of 3-for-2, meaning that for 2 shares of RS owned pre-split, shareholders then owned 3 shares. 2 more splits have been implemented since then. The most recent stock split took place on July 20, 2006 on a 2-for-1 basis.

These splits have increased RS stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Reliance Steel & Aluminum Co.'s total market capitalization.

For more detailed information of Reliance Steel & Aluminum Co.'s stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Reliance Steel & Aluminum Co. 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 RS stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Reliance Steel & Aluminum Co.'s board of directors. Typically, no action is taken until its price per share reaches a specific threshold.