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|MGM Stock Split History|
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|MGM Options Chain|
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MGM Resorts International (MGM) has 2 splits in our MGM split history database. The first split for MGM took place on October 19, 1999. This was a 1099 for 1000 split, meaning for each 1000 shares of MGM owned pre-split, the shareholder now owned 1099 shares. For example, a 1000 share position pre-split, became a 1099 share position following the split. MGM's second split took place on May 19, 2005. This was a 2 for 1 split, meaning for each share of MGM owned pre-split, the shareholder now owned 2 shares. For example, a 1099 share position pre-split, became a 2198 share position following the split.
When a company such as MGM Resorts International 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 MGM split history from start to finish, an original position size of 1000 shares would have turned into 2198 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MGM Resorts International shares, starting with a $10,000 purchase of MGM, presented on a split-history-adjusted basis factoring in the complete MGM split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||11.68%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||11.63%|
|About MGM Resorts International|
|MGM Resorts International is a holding company. Through its subsidiaries, Co. owns and operates casino, hotel, and entertainment resorts, which provides gaming, hotel, convention, dining, entertainment, retail and other resort amenities. Co.'s Las Vegas Strip Resorts and Regional Operations consisted of the following casino resorts: Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New York, Excalibur, Park MGM and Circus Circus Las Vegas in Las Vegas, NV; MGM Grand Detroit in Detroit, MI; Beau Rivage in Biloxi, MS; Gold Strike in Tunica, MS; Borgata in Atlantic City, NJ; MGM National Harbor in Prince George's County, MD; and MGM Springfield in Springfield, MA. According to our MGM split history records, MGM Resorts International has had 2 splits.|
|MGM Split History Table|
|10/19/1999||1099 for 1000|
|05/19/2005||2 for 1|
|Services Stock Splits|
|MGM is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: MGM shares outstanding history