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Video: What is a Stock Split?
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Mueller Industries is a manufacturer of copper, brass, aluminum, and plastic products. The range of products Co. manufactures are: copper tube and fittings; line sets; PEX plastic tube and fittings; steel nipples; brass rod, bar, and shapes; aluminum and brass forgings; aluminum impact extrusions; compressed gas valves; refrigeration valves and fittings; pressure vessels; coaxial heat exchangers; and insulated flexible duct systems. Co. also resells brass and plastic plumbing valves, plastic fittings, malleable iron fittings, faucets, and plumbing specialty products. Co.'s reportable segments are: Piping Systems, Industrial Metals, and Climate. According to our MLI split history records, Mueller Industries has had 4 splits. | |
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Mueller Industries (MLI) has 4 splits in our MLI split history database. The first split for MLI took place on October 02, 1995. This was a 2 for 1
split, meaning for each share of MLI 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. MLI's second split took place on May 28, 1998. This was a 2 for 1
split, meaning for each share of MLI 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. MLI's third split took place on March 31, 2014. This was a 2 for 1 split, meaning for each share of MLI owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split. MLI's 4th split took place on October 23, 2023. This was a 2 for 1 split, meaning for each share of MLI owned pre-split, the shareholder now owned 2 shares. For example, a 8000 share position pre-split, became a 16000 share position following the split.
When a company such as Mueller Industries 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 MLI split history from start to finish, an original position size of 1000 shares would have turned into 16000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Mueller Industries shares, starting with a $10,000 purchase of MLI, presented on a split-history-adjusted basis factoring in the complete MLI split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/01/2014 |
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End date: |
03/28/2024 |
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Start price/share: |
$15.20 |
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End price/share: |
$53.93 |
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Starting shares: |
657.89 |
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Ending shares: |
816.31 |
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Dividends reinvested/share: |
$4.31 |
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Total return: |
340.24% |
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Average Annual Total Return: |
15.98% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$44,020.47 |
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Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/01/2014 |
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End date: |
03/28/2024 |
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Start price/share: |
$15.20 |
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End price/share: |
$53.93 |
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Dividends collected/share: |
$4.31 |
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Total return: |
283.16% |
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Average Annual Total Return: |
14.38% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$38,312.55 |
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Years: |
10.00 |
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Date |
Ratio |
10/02/1995 | 2 for 1
| 05/28/1998 | 2 for 1
| 03/31/2014 | 2 for 1 | 10/23/2023 | 2 for 1 |
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