Split History
ETFs Holding PMI »    PMI Historical Stock Prices »

Video: What is a Stock Split?

If the video does not load after a few moments, Upgrade to the Latest Flash Player.
PMI Group, through its subsidiary, PMI Mortgage Insurance Co. and its affiliated companies, provides residential mortgage insurance. Mortgage insurance provides loss protection to mortgage lenders and investors in the event of borrower default. Co. has three segments: U.S. Mortgage Insurance Operations, which provides a variety of mortgage insurance products; International Operations, which consists of Co.'s European and Canadian subsidiaries (PMI Europe Holdings Limited and PMI Mortgage Insurance Holdings Canada Inc.), neither of which is writing new business; and Corporate and Other segment, which consists of corporate debt and expenses of Co.'s holding company. According to our PMI split history records, PMI has had 2 splits.
PMI split history picture
PMI (PMI) has 2 splits in our PMI split history database. The first split for PMI took place on August 17, 1999. This was a 3 for 2 split, meaning for each 2 shares of PMI 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. PMI's second split took place on June 18, 2002. This was a 2 for 1 split, meaning for each share of PMI owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split.

When a company such as PMI 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 PMI split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PMI shares, starting with a $10,000 purchase of PMI, presented on a split-history-adjusted basis factoring in the complete PMI split history. PMI split adjusted history picture
PMI -- use the split history when considering split-adjusted past price performance.

Date Ratio
08/17/19993 for 2
06/18/20022 for 1
PMI is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:

PNG Split History
PNN Split History
PQ Split History
PRD Split History
PSTR Split History
PTA Split History
PTEN Split History
PVA Split History
PVR Split History
RCON Split History

Email EnvelopeFree PMI Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts

OpGen, Inc. (OPGN)
Blue Star Foods Corp. (BSFC)
Charles & Colvard, Ltd. (CTHR)
Seelos Therapeutics, Inc. (SEEL)
Chimera Investment Corporation (CIM)
Advent Technologies Holdings, Inc. (ADN)
Telesis Bio Inc. (TBIO)
United States Lime & Minerals, Inc. (USLM)
Inspire Veterinary Partners, Inc. (IVP)
More latest stock splits »
Latest mega mergers »
Latest stock buybacks »

PMI Split History | www.SplitHistory.com | Copyright © 2013 - 2024, All Rights Reserved

Nothing in www.SplitHistory.com is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. Split history database is not guaranteed to be complete or free of errors. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Service. Video widget and market videos powered by Market News Video. Quote and option data delayed at least 15 minutes; stock quote data powered by Ticker Technologies, and Mergent.
Wait! Don't leave yet.
Want to receive our latest research absolutely free?

Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.

You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.