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 Video: What is a Stock Split?
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| Marine Products Corporation is a manufacturer of fiberglass boats. Co. offers a range of products to the family recreational markets through its Chaparral brands and to the sport fishing market through its Robalo brands. Co. manufactures Chaparral sterndrive pleasure boats including SSi and SSX models, and the Chaparral Surf Series. It also manufactures Chaparral outboard pleasure boats which include OSX Luxury Sportboats and SSi outboard models. Its product line includes Chaparral - SSi Sport Boats, Chaparral - SSX Sport Boats, Chaparral - Surf Series, Chaparral - OSX Sport Boats, Robalo - Center Consoles, Robalo - Cayman Bay Boats and Robalo - Dual Consoles. According to our MPX split history records, Marine Products has had 2 splits. | |
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Marine Products (MPX) has 2 splits in our MPX split history database. The first split for MPX took place on March 11, 2004. This was a 3 for 2 split, meaning for each 2 shares of MPX owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. MPX's second split took place on March 11, 2005. This was a 3 for 2 split, meaning for each 2 shares of MPX owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split.
When a company such as Marine Products 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 MPX split history from start to finish, an original position size of 1000 shares would have turned into 2250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Marine Products shares, starting with a $10,000 purchase of MPX, presented on a split-history-adjusted basis factoring in the complete MPX split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
01/27/2015 |
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| End date: |
01/23/2025 |
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| Start price/share: |
$7.08 |
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| End price/share: |
$9.23 |
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| Starting shares: |
1,412.43 |
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| Ending shares: |
2,140.68 |
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| Dividends reinvested/share: |
$5.03 |
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| Total return: |
97.58% |
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| Average Annual Total Return: |
7.05% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$19,759.94 |
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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: |
01/27/2015 |
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| End date: |
01/23/2025 |
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| Start price/share: |
$7.08 |
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| End price/share: |
$9.23 |
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| Dividends collected/share: |
$5.03 |
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| Total return: |
101.41% |
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| Average Annual Total Return: |
7.25% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$20,132.13 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 03/11/2004 | 3 for 2 | | 03/11/2005 | 3 for 2 |
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