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Video: What is a Stock Split?
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MasTec is an infrastructure construction company operating mainly throughout North America across a range of industries. Co.'s operating segments include: Communications, which performs engineering, construction, maintenance and customer fulfillment activities related to communications infrastructure; Clean Energy and Infrastructure, which primarily serves energy, utility, government and other end-markets through the installation and construction of power generation facilities, primarily from clean energy and renewable sources; and Oil and Gas, which performs engineering, construction and maintenance services for pipelines and processing facilities for the energy and utilities industries. According to our MTZ split history records, MasTec has had 2 splits. | |
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MasTec (MTZ) has 2 splits in our MTZ split history database. The first split for MTZ took place on March 03, 1997. This was a 3 for 2
split, meaning for each 2
shares of MTZ 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. MTZ's second split took place on June 20, 2000. This was a 3 for 2
split, meaning for each 2
shares of MTZ 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 MasTec 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 MTZ 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 MasTec shares, starting with a $10,000 purchase of MTZ, presented on a split-history-adjusted basis factoring in the complete MTZ split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/22/2014 |
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End date: |
04/19/2024 |
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Start price/share: |
$42.69 |
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End price/share: |
$84.42 |
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Dividends collected/share: |
$0.00 |
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Total return: |
97.75% |
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Average Annual Total Return: |
7.06% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$19,782.10 |
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Years: |
10.00 |
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Date |
Ratio |
03/03/1997 | 3 for 2
| 06/20/2000 | 3 for 2
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