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 Video: What is a Stock Split?
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| Medtronic Public Limited Co. is an Ireland-based company, which provides healthcare technology solutions. Co.'s products category includes Advanced Surgical Technology; Cardiac Rhythm; Cardiovascular; Digestive & Gastrointestinal; Ear, Nose & Throat; General Surgery; Gynecological; Neurological; Oral & Maxillofacial; Patient Monitoring; Renal Care; Respiratory; Spinal & Orthopedic; Surgical Navigation & Imaging; Urological; Product Manuals; Product Ordering & Inquiries; and Product Performance & Advisories. According to our MDT split history records, Medtronic PLC has had 6 splits. | |
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Medtronic PLC (MDT) has 6 splits in our MDT split history database. The first split for MDT took place on August 31, 1989. This was a 2 for 1
split, meaning for each share of MDT 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. MDT's second split took place on August 30, 1991. This was a 2 for 1
split, meaning for each share of MDT 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. MDT's third split took place on September 30, 1994. This was a 2 for 1
split, meaning for each share of MDT 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. MDT's 4th split took place on September 29, 1995. This was a 2 for 1
split, meaning for each share of MDT owned pre-split, the shareholder now owned 2 shares. For example, a 8000 share position pre-split, became a 16000 share position following the split. MDT's 5th split took place on September 15, 1997. This was a 2 for 1
split, meaning for each share of MDT owned pre-split, the shareholder now owned 2 shares. For example, a 16000 share position pre-split, became a 32000 share position following the split. MDT's 6th split took place on September 27, 1999. This was a 2 for 1
split, meaning for each share of MDT owned pre-split, the shareholder now owned 2 shares. For example, a 32000 share position pre-split, became a 64000 share position following the split.
When a company such as Medtronic PLC 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 MDT split history from start to finish, an original position size of 1000 shares would have turned into 64000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Medtronic PLC shares, starting with a $10,000 purchase of MDT, presented on a split-history-adjusted basis factoring in the complete MDT split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/16/2014 |
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| End date: |
12/13/2024 |
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| Start price/share: |
$71.34 |
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| End price/share: |
$82.48 |
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| Starting shares: |
140.17 |
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| Ending shares: |
177.72 |
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| Dividends reinvested/share: |
$21.07 |
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| Total return: |
46.59% |
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| Average Annual Total Return: |
3.90% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,660.73 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/16/2014 |
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| End date: |
12/13/2024 |
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| Start price/share: |
$71.34 |
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| End price/share: |
$82.48 |
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| Dividends collected/share: |
$21.07 |
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| Total return: |
45.15% |
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| Average Annual Total Return: |
3.80% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,520.23 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 08/31/1989 | 2 for 1
| | 08/30/1991 | 2 for 1
| | 09/30/1994 | 2 for 1
| | 09/29/1995 | 2 for 1
| | 09/15/1997 | 2 for 1
| | 09/27/1999 | 2 for 1
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