Split History
MPX split history picture
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. MPX split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 06/04/2010
End date: 06/03/2020
Start price/share: $6.36
End price/share: $12.18
Starting shares: 1,572.33
Ending shares: 2,160.53
Dividends reinvested/share: $2.99
Total return: 163.15%
Average Annual Total Return: 10.15%
Starting investment: $10,000.00
Ending investment: $26,307.23
Years: 10.01
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 06/04/2010
End date: 06/03/2020
Start price/share: $6.36
End price/share: $12.18
Dividends collected/share: $2.99
Total return: 138.52%
Average Annual Total Return: 9.08%
Starting investment: $10,000.00
Ending investment: $23,859.32
Years: 10.01
Marine Products manufactures fiberglass motorized boats distributed and marketed through its independent dealer network. Co.' product offerings include its subsidiaries, Chaparral Boats, Inc. (Chaparral) sterndrive, outboard and jet pleasure boats and Robalo Boats, LLC (Robalo) outboard sport fishing boats. Co. designs, manufactures and sells recreational fiberglass powerboats in the sportboat, sport fishing and jet boat markets. The Chaparral product line includes: SSi Sport Boats, SSX Sport Boats, Surf Series, SunCoast Bowriders, OSX Sport Boats, and Vortex Jet Boats. The Robalo product line includes: Center Consoles, Cayman Bay Boats, and Dual Consoles. According to our MPX split history records, Marine Products has had 2 splits.
Date Ratio
03/11/20043 for 2
03/11/20053 for 2
MPX is categorized under the Consumer sector; below are some other companies in the same sector that also have a history of stock splits:

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