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 Video: What is a Stock Split?
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| M/I Homes, Inc. is a builder of single-family homes. Co. designs, markets, constructs and sells single-family homes and attached townhomes to first-time, move-up, empty-nester, and luxury buyers. The company primarily constructs homes in planned development communities and mixed-use communities. It offers homes for sale in approximately 213 communities within 17 markets located in 10 states. Co. operates through two distinct operations: homebuilding and financial services. Its homebuilding operations are aggregated for reporting purposes into two reporting segments: the Northern and Southern regions. 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: |
01/27/2015 |
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| End date: |
01/23/2025 |
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| Start price/share: |
$20.47 |
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| End price/share: |
$136.54 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
567.02% |
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| Average Annual Total Return: |
20.90% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$66,686.39 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/20/2002 | 2 for 1 |
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