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 Video: What is a Stock Split?
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| Meredith is a media company. Co. uses multiple media platforms including print, digital, video, audio, and broadcast television to provide consumers with content and to deliver the messages of its advertising and marketing partners. Co. operates two segments: national media, which includes national consumer media brands delivered across print magazines, digital media, brand licensing activities, performance marketing, database-related activities, affinity marketing, business-to-business marketing products and services, and other related operations; and local media, which consists of various television stations located across the U.S. focused on markets with related digital media assets. According to our MDP split history records, MDP has had 3 splits. | |
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MDP (MDP) has 3 splits in our MDP split history database. The first split for MDP took place on December 24, 1986. This was a 2 for 1
split, meaning for each share of MDP owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. MDP's second split took place on March 17, 1995. This was a 2 for 1
split, meaning for each share of MDP owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. MDP's third split took place on March 18, 1997. This was a 2 for 1
split, meaning for each share of MDP owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split.
When a company such as MDP 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 MDP split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MDP shares, starting with a $10,000 purchase of MDP, presented on a split-history-adjusted basis factoring in the complete MDP split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
01/23/2015 |
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| End date: |
12/01/2021 |
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| Start price/share: |
$52.92 |
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| End price/share: |
$59.07 |
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| Starting shares: |
188.96 |
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| Ending shares: |
236.33 |
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| Dividends reinvested/share: |
$10.97 |
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| Total return: |
39.60% |
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| Average Annual Total Return: |
4.98% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$13,957.15 |
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| Years: |
6.86 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
01/23/2015 |
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| End date: |
12/01/2021 |
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| Start price/share: |
$52.92 |
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| End price/share: |
$59.07 |
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| Dividends collected/share: |
$10.97 |
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| Total return: |
32.35% |
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| Average Annual Total Return: |
4.17% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$13,234.87 |
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| Years: |
6.86 |
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| Date |
Ratio |
| 12/24/1986 | 2 for 1
| | 03/17/1995 | 2 for 1
| | 03/18/1997 | 2 for 1
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