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Video: What is a Stock Split?
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Along with its subsidiaries and its affiliated companies, it is primarily engaged in the transportation, gathering, processing and marketing of natural gas and other petroleum products. According to our MRS split history records, MRS has had 2 splits. | |
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MRS (MRS) has 2 splits in our MRS split history database. The first split for MRS took place on February 11, 1998. This was a 11 for 10
split, meaning for each 10
shares of MRS owned pre-split, the shareholder now owned 11 shares. For example, a 1000 share position pre-split, became a 1100 share position following the split. MRS's second split took place on March 02, 1999. This was a 5 for 4
split, meaning for each 4
shares of MRS owned pre-split, the shareholder now owned 5 shares. For example, a 1100 share position pre-split, became a 1375 share position following the split.
When a company such as MRS 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 MRS split history from start to finish, an original position size of 1000 shares would have turned into 1375 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MRS shares, starting with a $10,000 purchase of MRS, presented on a split-history-adjusted basis factoring in the complete MRS split history.
MRS -- use the split history when considering split-adjusted past price performance. |
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Date |
Ratio |
02/11/1998 | 11 for 10
| 03/02/1999 | 5 for 4
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