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 Video: What is a Stock Split?
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| MDU Resources Group is a holding company. Through its subsidiaries, Co. is a regulated energy delivery and construction materials and services business. Co.'s segments include: Electric, which provides electric service in Montana, North Dakota, South Dakota, and Wyoming; Natural Gas Distribution, which sells natural gas in various states; Pipeline, which owns and operates natural gas transmission and storage lines in Minnesota, Montana, North Dakota, South Dakota, and Wyoming; Construction Materials and Contracting, which mines, processes and sells construction aggregates (crushed stone, sand and gravel); and Construction Services, which provides construction services across the country. According to our MDU split history records, MDU Resources Group has had 5 splits. | |
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MDU Resources Group (MDU) has 5 splits in our MDU split history database. The first split for MDU took place on October 16, 1995. This was a 3 for 2
split, meaning for each 2
shares of MDU 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. MDU's second split took place on July 14, 1998. This was a 3 for 2
split, meaning for each 2
shares of MDU owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. MDU's third split took place on October 30, 2003. This was a 3 for 2 split, meaning for each 2 shares of MDU owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split. MDU's 4th split took place on July 27, 2006. This was a 3 for 2 split, meaning for each 2 shares of MDU owned pre-split, the shareholder now owned 3 shares. For example, a 3375 share position pre-split, became a 5062.5 share position following the split. MDU's 5th split took place on June 01, 2023. This was a 1457 for 1000 split, meaning for each 1000 shares of MDU owned pre-split, the shareholder now owned 1457 shares. For example, a 5062.5 share position pre-split, became a 7376.0625 share position following the split.
When a company such as MDU Resources Group 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 MDU split history from start to finish, an original position size of 1000 shares would have turned into 7376.0625 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MDU Resources Group shares, starting with a $10,000 purchase of MDU, presented on a split-history-adjusted basis factoring in the complete MDU split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/07/2014 |
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| End date: |
10/04/2024 |
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| Start price/share: |
$18.81 |
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| End price/share: |
$27.25 |
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| Starting shares: |
531.63 |
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| Ending shares: |
715.34 |
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| Dividends reinvested/share: |
$5.34 |
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| Total return: |
94.93% |
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| Average Annual Total Return: |
6.90% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$19,488.44 |
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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: |
10/07/2014 |
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| End date: |
10/04/2024 |
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| Start price/share: |
$18.81 |
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| End price/share: |
$27.25 |
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| Dividends collected/share: |
$5.34 |
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| Total return: |
73.25% |
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| Average Annual Total Return: |
5.65% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$17,325.87 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 10/16/1995 | 3 for 2
| | 07/14/1998 | 3 for 2
| | 10/30/2003 | 3 for 2 | | 07/27/2006 | 3 for 2 | | 06/01/2023 | 1457 for 1000 |
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