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Video: What is a Stock Split?
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The Company provides investment financing insurance and related services to individuals and institutions on a global basis through its broker dealer banking and other financial services subsidiaries. According to our MER split history records, MER has had 4 splits. | |
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MER (MER) has 4 splits in our MER split history database. The first split for MER took place on June 28, 1983. This was a 2 for 1
split, meaning for each share of MER 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. MER's second split took place on November 26, 1993. This was a 2 for 1
split, meaning for each share of MER 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. MER's third split took place on June 02, 1997. This was a 2 for 1
split, meaning for each share of MER 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. MER's 4th split took place on September 01, 2000. This was a 2 for 1 split, meaning for each share of MER 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.
When a company such as MER 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 MER split history from start to finish, an original position size of 1000 shares would have turned into 16000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MER shares, starting with a $10,000 purchase of MER, presented on a split-history-adjusted basis factoring in the complete MER split history.
MER -- use the split history when considering split-adjusted past price performance. |
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Date |
Ratio |
06/28/1983 | 2 for 1
| 11/26/1993 | 2 for 1
| 06/02/1997 | 2 for 1
| 09/01/2000 | 2 for 1 |
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