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Marine Products (MPX) has 2 splits in our MPX split history database. The first split for MPX took place on March 11, 2004. This was a 3 for 2 split, meaning for each 2 shares of MPX 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. MPX's second split took place on March 11, 2005. This was a 3 for 2 split, meaning for each 2 shares of MPX owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split.
When a company such as Marine Products 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 MPX split history from start to finish, an original position size of 1000 shares would have turned into 2250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Marine Products shares, starting with a $10,000 purchase of MPX, presented on a split-history-adjusted basis factoring in the complete MPX split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||11.98%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||10.55%|
|About Marine Products|
|Marine Products manufactures fiberglass motorized boats distributed and marketed through its independent dealer network. Co. designs, manufactures and sells recreational fiberglass powerboats in the sportboat, deckboat, cruiser, jet boat and sport fishing markets. Co. manufactures Chaparral sterndrive pleasure boats including H2O Sport and Fish & Ski boats, SSi and SSX Sportboats, Sunesta Sportdecks, and Signature Cruisers, as well as SunCoast Sportdeck outboards, Vortex jet boats and the Surf Series. Co. also manufactures Robalo outboard fishing boats. According to our MPX split history records, Marine Products has had 2 splits.|
|MPX Split History Table|
|03/11/2004||3 for 2|
|03/11/2005||3 for 2|
|Consumer Stock Splits|
|MPX is categorized under the Consumer sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: MPX shares outstanding history