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 Video: What is a Stock Split?
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| Herman Miller researches, designs, manufactures and distributes interior furnishings for use in various environments. Co.'s segments consist of North America Contract, which designs, manufactures and sells furniture and textile products for work-related settings throughout the U.S. and Canada; International Contract, which designs, manufactures, and sells furniture products, for work-related settings in the Europe, Middle East and Africa, Latin America and Asia-Pacific; and Retail, which sells modern design furnishings and accessories to third party retailers, as well as direct to consumer sales through e-commerce, direct mailing catalogs and Design Within Reach and HAY ApS studios. According to our MLHR split history records, MLHR has had 2 splits. | |
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MLHR (MLHR) has 2 splits in our MLHR split history database. The first split for MLHR took place on April 16, 1997. This was a 2 for 1
split, meaning for each share of MLHR 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. MLHR's second split took place on March 17, 1998. This was a 2 for 1
split, meaning for each share of MLHR 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.
When a company such as MLHR 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 MLHR split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MLHR shares, starting with a $10,000 purchase of MLHR, presented on a split-history-adjusted basis factoring in the complete MLHR split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
06/11/2013 |
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| End date: |
10/29/2021 |
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| Start price/share: |
$27.76 |
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| End price/share: |
$38.92 |
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| Starting shares: |
360.23 |
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| Ending shares: |
420.37 |
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| Dividends reinvested/share: |
$5.26 |
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| Total return: |
63.61% |
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| Average Annual Total Return: |
6.04% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$16,355.60 |
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| Years: |
8.39 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
06/11/2013 |
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| End date: |
10/29/2021 |
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| Start price/share: |
$27.76 |
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| End price/share: |
$38.92 |
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| Dividends collected/share: |
$5.26 |
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| Total return: |
59.14% |
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| Average Annual Total Return: |
5.69% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,908.21 |
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| Years: |
8.39 |
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| Date |
Ratio |
| 04/16/1997 | 2 for 1
| | 03/17/1998 | 2 for 1
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