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|MLI Stock Split History|
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Mueller Industries (MLI) has 3 splits in our MLI split history database. The first split for MLI took place on October 02, 1995. This was a 2 for 1 split, meaning for each share of MLI 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. MLI's second split took place on May 28, 1998. This was a 2 for 1 split, meaning for each share of MLI 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. MLI's third split took place on March 31, 2014. This was a 2 for 1 split, meaning for each share of MLI owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split.
When a company such as Mueller Industries 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 MLI split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Mueller Industries shares, starting with a $10,000 purchase of MLI, presented on a split-history-adjusted basis factoring in the complete MLI split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||12.14%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||11.32%|
|About Mueller Industries|
|Mueller Industries is a manufacturer of copper, brass, aluminum, and plastic products. The range of these products are: copper tube and fittings; line sets; brass and copper alloy rod, bar, and shapes; aluminum and brass forgings; aluminum impact extrusions; PEX plastic tube and fittings; refrigeration valves and fittings; compressed gas valves; fabricated tubular products; pressure vessels; coaxial heat exchangers; steel nipples; and brazed manifolds, headers, and distributor assemblies. Co. also resells brass and plastic plumbing valves, plastic fittings, malleable iron fittings, faucets, and plumbing products. Co.'s reportable segments are Piping Systems, Industrial Metals, and Climate. According to our MLI split history records, Mueller Industries has had 3 splits.|
|MLI Split History Table|
|10/02/1995||2 for 1|
|05/28/1998||2 for 1|
|03/31/2014||2 for 1|
|Industrials Stock Splits|
|MLI 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: MLI shares outstanding history