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 Video: What is a Stock Split?
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| Merchants Bancshares is a bank holding company. Through its subsidiary, Merchants Bank, Co. provides investment management, financial planning and trustee services. Co.'s loan portfolio includes: commercial, financial and agricultural, which provide loan options that include term loans and lines of credit; Municipal, which consist of term and time loans issued on a tax-exempt and taxable basis; Real Estate, which are comprised of residential, commercial, and construction loans; and installment, which provides consumer installment loans for personal needs. At Dec 31 2016, Co. had total assets of $2.06 billion and total deposits of $1.53 billion. According to our MBVT split history records, MBVT has had 1 split. | |
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MBVT (MBVT) has 1 split in our MBVT split history database. The split for MBVT took place on December 17, 2001. This was a 3 for 2 split, meaning for each 2 shares of MBVT 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 MBVT 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 MBVT 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 MBVT shares, starting with a $10,000 purchase of MBVT, presented on a split-history-adjusted basis factoring in the complete MBVT split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
05/12/2017 |
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| Start price/share: |
$30.42 |
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| End price/share: |
$49.80 |
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| Starting shares: |
328.73 |
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| Ending shares: |
367.47 |
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| Dividends reinvested/share: |
$3.64 |
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| Total return: |
83.00% |
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| Average Annual Total Return: |
21.85% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$18,298.46 |
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| Years: |
3.06 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
05/12/2017 |
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| Start price/share: |
$30.42 |
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| End price/share: |
$49.80 |
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| Dividends collected/share: |
$3.64 |
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| Total return: |
75.67% |
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| Average Annual Total Return: |
20.24% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$17,569.22 |
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| Years: |
3.06 |
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| Date |
Ratio |
| 12/17/2001 | 3 for 2 |
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