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Video: What is a Stock Split?
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Methode Electronics is a supplier of custom engineered solutions. Co.'s segments are: Automotive, which supplies electronic and electro-mechanical devices and related products; Industrial, which manufactures external lighting solutions, including driving, work, and signal lights, industrial safety radio remote controls, braided flexible cables, current-carrying laminated and powder-coated busbars, high-voltage high current connector and contracts; Interface, which provides copper-based transceivers and related accessories; and Medical, which is made up of its medical device business, Dabir Surfaces, Inc., its surface support technology aimed at pressure injury prevention. According to our MEI split history records, Methode Electronics has had 5 splits. | |
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Methode Electronics (MEI) has 5 splits in our MEI split history database. The first split for MEI took place on October 17, 1983. This was a 2 for 1 split, meaning for each share of MEI 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. MEI's second split took place on October 18, 1985. This was a 2 for 1 split, meaning for each share of MEI 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. MEI's third split took place on April 30, 2001. This was a 10000 for 3742 split, meaning for each 3742 shares of MEI owned pre-split, the shareholder now owned 10000 shares. For example, a 4000 share position pre-split, became a 10689.4708711919 share position following the split. MEI's 4th split took place on May 30, 1986. MEI's 5th split took place on June 02, 1986. This was a 8 for 1 split, meaning for each share of MEI owned pre-split, the shareholder now owned 8 shares. For example, a 10689.4708711919 share position pre-split, became a 85515.766969535 share position following the split.
When a company such as Methode Electronics 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 MEI split history from start to finish, an original position size of 1000 shares would have turned into 85515.766969535 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Methode Electronics shares, starting with a $10,000 purchase of MEI, presented on a split-history-adjusted basis factoring in the complete MEI split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/28/2014 |
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End date: |
04/24/2024 |
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Start price/share: |
$27.21 |
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End price/share: |
$12.29 |
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Starting shares: |
367.51 |
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Ending shares: |
421.50 |
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Dividends reinvested/share: |
$4.48 |
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Total return: |
-48.20% |
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Average Annual Total Return: |
-6.37% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$5,178.79 |
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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: |
04/28/2014 |
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End date: |
04/24/2024 |
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Start price/share: |
$27.21 |
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End price/share: |
$12.29 |
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Dividends collected/share: |
$4.48 |
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Total return: |
-38.37% |
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Average Annual Total Return: |
-4.73% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$6,160.55 |
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Years: |
10.00 |
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Date |
Ratio |
10/17/1983 | 2 for 1 | 10/18/1985 | 2 for 1 | 04/30/2001 | 10000 for 3742 | 05/30/1986 | 1 for 1 | 06/02/1986 | 8 for 1 |
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