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Video: What is a Stock Split?
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Mesa Air Group is a holding company. Through its subsidiary, Mesa Airlines, Inc., Co. is a regional air carrier providing scheduled passenger service to various cities in several states, the District of Columbia, the Bahamas, and Mexico as well as cargo services out of Cincinnati/Northern Kentucky International Airport. All of Co.'s flights are operated as either American Eagle, United Express, or DHL Express flights pursuant to the terms of capacity purchase agreements entered into with American Airlines, Inc. and United Airlines, Inc., and pursuant to the terms of a Flight Services Agreement with DHL Network Operations (USA), Inc. According to our MESA split history records, Mesa Air Group has had 3 splits. | |
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Mesa Air Group (MESA) has 3 splits in our MESA split history database. The first split for MESA took place on January 29, 1992. This was a 3 for 2
split, meaning for each 2
shares of MESA 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. MESA's second split took place on August 19, 1992. This was a 3 for 2
split, meaning for each 2
shares of MESA 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. MESA's third split took place on March 29, 1993. This was a 2 for 1
split, meaning for each share of MESA owned pre-split, the shareholder now owned 2 shares. For example, a 2250 share position pre-split, became a 4500 share position following the split.
When a company such as Mesa Air 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 MESA split history from start to finish, an original position size of 1000 shares would have turned into 4500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Mesa Air Group shares, starting with a $10,000 purchase of MESA, presented on a split-history-adjusted basis factoring in the complete MESA split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
08/13/2018 |
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End date: |
04/25/2024 |
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Start price/share: |
$11.50 |
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End price/share: |
$0.93 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-91.91% |
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Average Annual Total Return: |
-35.65% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$808.98 |
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Years: |
5.70 |
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Date |
Ratio |
01/29/1992 | 3 for 2
| 08/19/1992 | 3 for 2
| 03/29/1993 | 2 for 1
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