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 Video: What is a Stock Split?
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| Monro, Inc. is an operator of retail tire and automotive repair stores in the U.S.. Co. offers replacement tires and tire related services, automotive undercar repair services, and a range of routine maintenance services, primarily on passenger cars, light trucks, and vans. Co. also provides other products and services for brakes; mufflers and exhaust systems, and steering, drive train, suspension, and wheel alignment. Co.'s retail tire and automotive repair stores operate primarily under the brands Monro Auto Service and Tire Centers, Tire Choice Auto Service Centers, Mr. According to our MNRO split history records, Monro has had 6 splits. | |
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Monro (MNRO) has 6 splits in our MNRO split history database. The first split for MNRO took place on June 18, 1996. This was a 21 for 20
split, meaning for each 20
shares of MNRO owned pre-split, the shareholder now owned 21 shares. For example, a 1000 share position pre-split, became a 1050 share position following the split. MNRO's second split took place on June 18, 1997. This was a 21 for 20
split, meaning for each 20
shares of MNRO owned pre-split, the shareholder now owned 21 shares. For example, a 1050 share position pre-split, became a 1102.5 share position following the split. MNRO's third split took place on June 04, 1998. This was a 21 for 20
split, meaning for each 20
shares of MNRO owned pre-split, the shareholder now owned 21 shares. For example, a 1102.5 share position pre-split, became a 1157.625 share position following the split. MNRO's 4th split took place on November 03, 2003. This was a 3 for 2 split, meaning for each 2 shares of MNRO owned pre-split, the shareholder now owned 3 shares. For example, a 1157.625 share position pre-split, became a 1736.4375 share position following the split. MNRO's 5th split took place on October 02, 2007. This was a 3 for 2 split, meaning for each 2 shares of MNRO owned pre-split, the shareholder now owned 3 shares. For example, a 1736.4375 share position pre-split, became a 2604.65625 share position following the split. MNRO's 6th split took place on December 27, 2010. This was a 3 for 2 split, meaning for each 2 shares of MNRO owned pre-split, the shareholder now owned 3 shares. For example, a 2604.65625 share position pre-split, became a 3906.984375 share position following the split.
When a company such as Monro 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 MNRO split history from start to finish, an original position size of 1000 shares would have turned into 3906.984375 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Monro shares, starting with a $10,000 purchase of MNRO, presented on a split-history-adjusted basis factoring in the complete MNRO split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
02/12/2015 |
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| End date: |
02/10/2025 |
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| Start price/share: |
$60.78 |
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| End price/share: |
$19.51 |
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| Starting shares: |
164.53 |
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| Ending shares: |
197.94 |
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| Dividends reinvested/share: |
$8.79 |
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| Total return: |
-61.38% |
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| Average Annual Total Return: |
-9.07% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$3,863.30 |
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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: |
02/12/2015 |
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| End date: |
02/10/2025 |
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| Start price/share: |
$60.78 |
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| End price/share: |
$19.51 |
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| Dividends collected/share: |
$8.79 |
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| Total return: |
-53.44% |
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| Average Annual Total Return: |
-7.36% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$4,654.73 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/18/1996 | 21 for 20
| | 06/18/1997 | 21 for 20
| | 06/04/1998 | 21 for 20
| | 11/03/2003 | 3 for 2 | | 10/02/2007 | 3 for 2 | | 12/27/2010 | 3 for 2 |
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