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Video: What is a Stock Split?
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Mechanical Technology, via its subsidiary MTI Instruments, Inc., supplies precision linear displacement solutions, vibration measurement and system balancing solutions, and wafer inspection tools, consisting of electronic gauging instruments for position, displacement and vibration application within the industrial manufacturing/production markets, as well as the research design and process development market; and engine vibration analysis system for both military and commercial aircraft. Co. provides precision measurement products in the following categories including: non-contact measurement; turbine engine/rotating machine measurement and balancing; and diagnostic equipment. According to our MKTY split history records, MKTY has had 1 split. | |
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MKTY (MKTY) has 1 split in our MKTY split history database. The split for MKTY took place on April 13, 2000. This was a 3 for 1
split, meaning for each share of MKTY owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split.
When a company such as MKTY 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 MKTY split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MKTY shares, starting with a $10,000 purchase of MKTY, presented on a split-history-adjusted basis factoring in the complete MKTY split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/22/2014 |
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End date: |
11/03/2021 |
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Start price/share: |
$1.34 |
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End price/share: |
$12.66 |
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Starting shares: |
7,462.69 |
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Ending shares: |
9,463.55 |
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Dividends reinvested/share: |
$0.37 |
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Total return: |
1,098.09% |
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Average Annual Total Return: |
39.01% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$119,819.63 |
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Years: |
7.54 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/22/2014 |
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End date: |
11/03/2021 |
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Start price/share: |
$1.34 |
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End price/share: |
$12.66 |
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Dividends collected/share: |
$0.37 |
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Total return: |
872.39% |
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Average Annual Total Return: |
35.21% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$97,223.34 |
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Years: |
7.54 |
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Date |
Ratio |
04/13/2000 | 3 for 1
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