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MoneyGram International (MGI) has 1 split in our MGI split history database. The split for MGI took place on November 15, 2011. This was a 1 for 8 reverse split, meaning for each 8 shares of MGI owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 125 share position following the split.
When a company such as MoneyGram International conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the MGI split history from start to finish, an original position size of 1000 shares would have turned into 125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MoneyGram International shares, starting with a $10,000 purchase of MGI, presented on a split-history-adjusted basis factoring in the complete MGI split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-16.31%|
|About MoneyGram International|
|MoneyGram International is engaged in in cross-border peer-to-peer (P2P) payments and money transfers. In addition to money transfers, Co.'s offerings include bill payment services, money order services and official check processing. Co. manages its business primarily through two segments: Global Funds Transfer, which provides money transfer services and bill payment services primarily to unbanked and underbanked consumers; and Financial Paper Products, which provides money orders to consumers through its agents and financial institutions located throughout the United States and Puerto Rico and provides official check outsourcing services for financial institutions across the United States. According to our MGI split history records, MoneyGram International has had 1 split.|
|MGI Split History Table|
|11/15/2011||1 for 8|
|Industrials Stock Splits|
|MGI is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: MGI shares outstanding history