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 Video: What is a Stock Split?
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| Magellan Midstream Partners is engaged in the transportation, storage and distribution of refined petroleum products and crude oil. Co.'s refined products segment consists of: refined products pipeline system, which provides pipeline capacity and tank storage services, as well as provides services such as terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing and data services to shippers; independent terminals, which provides ancillary services; and marine terminals, which provides storage and related services. Co.'s crude oil segment includes crude oil pipelines, a condensate splitter and storage facilities. According to our MMP split history records, MMP has had 2 splits. | |
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MMP (MMP) has 2 splits in our MMP split history database. The first split for MMP took place on April 13, 2005. This was a 2 for 1 split, meaning for each share of MMP 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. MMP's second split took place on October 15, 2012. This was a 2 for 1 split, meaning for each share of MMP 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 MMP 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 MMP 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 MMP shares, starting with a $10,000 purchase of MMP, presented on a split-history-adjusted basis factoring in the complete MMP split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/10/2014 |
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| End date: |
09/22/2023 |
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| Start price/share: |
$77.23 |
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| End price/share: |
$69.00 |
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| Starting shares: |
129.48 |
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| Ending shares: |
233.97 |
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| Dividends reinvested/share: |
$33.97 |
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| Total return: |
61.44% |
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| Average Annual Total Return: |
5.49% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$16,139.28 |
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| Years: |
8.96 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/10/2014 |
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| End date: |
09/22/2023 |
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| Start price/share: |
$77.23 |
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| End price/share: |
$69.00 |
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| Dividends collected/share: |
$33.97 |
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| Total return: |
33.33% |
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| Average Annual Total Return: |
3.26% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$13,328.41 |
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| Years: |
8.96 |
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| Date |
Ratio |
| 04/13/2005 | 2 for 1 | | 10/15/2012 | 2 for 1 |
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