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Video: What is a Stock Split?
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Through its insurance subsidiaries, provides malpractice protection to physicians, hospitals, dentists, managed care andhealth care organizations through programs which coordinate traditional insurance with effective clinical risk management. According to our MAI split history records, MAI has had 4 splits. | |
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MAI (MAI) has 4 splits in our MAI split history database. The first split for MAI took place on January 15, 1997. This was a 53 for 50
split, meaning for each 50
shares of MAI owned pre-split, the shareholder now owned 53 shares. For example, a 1000 share position pre-split, became a 1060 share position following the split. MAI's second split took place on September 23, 1997. This was a 2 for 1
split, meaning for each share of MAI owned pre-split, the shareholder now owned 2 shares. For example, a 1060 share position pre-split, became a 2120 share position following the split. MAI's third split took place on December 30, 1998. This was a 11 for 10
split, meaning for each 10
shares of MAI owned pre-split, the shareholder now owned 11 shares. For example, a 2120 share position pre-split, became a 2332 share position following the split. MAI's 4th split took place on January 05, 2000. This was a 105 for 100
split, meaning for each 100
shares of MAI owned pre-split, the shareholder now owned 105 shares. For example, a 2332 share position pre-split, became a 2448.6 share position following the split.
When a company such as MAI 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 MAI split history from start to finish, an original position size of 1000 shares would have turned into 2448.6 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MAI shares, starting with a $10,000 purchase of MAI, presented on a split-history-adjusted basis factoring in the complete MAI split history.
MAI -- use the split history when considering split-adjusted past price performance. |
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Date |
Ratio |
01/15/1997 | 53 for 50
| 09/23/1997 | 2 for 1
| 12/30/1998 | 11 for 10
| 01/05/2000 | 105 for 100
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