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 Video: What is a Stock Split?
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| Middlesex Water Co. is a water utility company. Co. owns and operates regulated water utility and wastewater systems primarily in New Jersey and Delaware. It also operates water and wastewater systems under contract on behalf of municipal and private clients primarily in New Jersey and Delaware. Co. operates through two segments: Regulated and Non-Regulated. The Regulated segment is engaged in the business of collecting, treating and distributing water on a retail and wholesale basis to residential, commercial, industrial and fire protection customers in parts of New Jersey and Delaware. According to our MSEX split history records, Middlesex Water has had 3 splits. | |
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Middlesex Water (MSEX) has 3 splits in our MSEX split history database. The first split for MSEX took place on October 02, 1992. This was a 2 for 1
split, meaning for each share of MSEX 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. MSEX's second split took place on January 03, 2002. This was a 3 for 2 split, meaning for each 2 shares of MSEX owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 3000 share position following the split. MSEX's third split took place on November 17, 2003. This was a 4 for 3 split, meaning for each 3 shares of MSEX owned pre-split, the shareholder now owned 4 shares. For example, a 3000 share position pre-split, became a 4000 share position following the split.
When a company such as Middlesex Water 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 MSEX 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 Middlesex Water shares, starting with a $10,000 purchase of MSEX, presented on a split-history-adjusted basis factoring in the complete MSEX 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: |
$22.65 |
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| End price/share: |
$49.16 |
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| Starting shares: |
441.50 |
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| Ending shares: |
539.07 |
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| Dividends reinvested/share: |
$10.53 |
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| Total return: |
165.01% |
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| Average Annual Total Return: |
10.24% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$26,501.84 |
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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: |
$22.65 |
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| End price/share: |
$49.16 |
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| Dividends collected/share: |
$10.53 |
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| Total return: |
163.55% |
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| Average Annual Total Return: |
10.18% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$26,357.99 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 10/02/1992 | 2 for 1
| | 01/03/2002 | 3 for 2 | | 11/17/2003 | 4 for 3 |
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