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 Video: What is a Stock Split?
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| M/I Homes is engaged in the construction and sale of single-family residential homes. Co. designs, sells and builds single-family homes on developed lots, which it develops or purchases ready for home construction. Co. also purchases undeveloped land to develop into developed lots for future construction of single-family homes and, on a limited basis, for sale to others. Co.'s operations include: homebuilding and financial services. Co.'s homebuilding operations have the following segments: the Northern and Southern regions. Co.'s financial services operations support its homebuilding operations by providing mortgage loans and title services to the customers of its homebuilding operations. According to our MHO split history records, M/I Homes has had 1 split. | |
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M/I Homes (MHO) has 1 split in our MHO split history database. The split for MHO took place on June 20, 2002. This was a 2 for 1 split, meaning for each share of MHO 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.
When a company such as M/I Homes 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 MHO split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into M/I Homes shares, starting with a $10,000 purchase of MHO, presented on a split-history-adjusted basis factoring in the complete MHO split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/02/2013 |
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| End date: |
03/28/2023 |
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| Start price/share: |
$23.41 |
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| End price/share: |
$61.24 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
161.60% |
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| Average Annual Total Return: |
10.10% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$26,153.49 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 06/20/2002 | 2 for 1 |
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