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Video: What is a Stock Split?
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Manufacturer and distributor of home and commercial appliances. Offering consumers a full line of washers dryers dishwashers cooking appliances and refrigeration distributed through large and small retailers across the United States and Canada. According to our MYG split history records, MYG has had 2 splits. | |
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MYG (MYG) has 2 splits in our MYG split history database. The first split for MYG took place on January 21, 1986. This was a 2 for 1
split, meaning for each share of MYG 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. MYG's second split took place on October 27, 1987. This was a 2 for 1
split, meaning for each share of MYG owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as MYG 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 MYG 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 MYG shares, starting with a $10,000 purchase of MYG, presented on a split-history-adjusted basis factoring in the complete MYG split history.
MYG -- use the split history when considering split-adjusted past price performance. |
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Date |
Ratio |
01/21/1986 | 2 for 1
| 10/27/1987 | 2 for 1
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