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Middlesex Water (MSEX) has 3 splits in our MSEX split history database. The first split for MSEX took place on October 02, 1992. This was a 2 for 1 split, meaning for each share of MSEX 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. MSEX's second split took place on January 03, 2002. This was a 3 for 2 split, meaning for each 2 shares of MSEX owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 3000 share position following the split. MSEX's third split took place on November 17, 2003. This was a 4 for 3 split, meaning for each 3 shares of MSEX owned pre-split, the shareholder now owned 4 shares. For example, a 3000 share position pre-split, became a 4000 share position following the split.
When a company such as Middlesex Water 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 MSEX split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Middlesex Water shares, starting with a $10,000 purchase of MSEX, presented on a split-history-adjusted basis factoring in the complete MSEX split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||18.38%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||16.29%|
|About Middlesex Water|
|Middlesex Water is a water utility company. Co. owns and operates regulated water utility and wastewater systems in New Jersey, Delaware and Pennsylvania. Co. also operates water and wastewater systems under contract on behalf of municipal and private clients in New Jersey, Delaware and Maryland. The Middlesex System treats, stores and distributes water for residential, commercial, industrial and fire protection purposes. The Middlesex System also provides water treatment and pumping services under contract. Co.'s subsidiary, Tidewater Utilities, Inc., provides water services to retail customers for residential, commercial and fire protection purposes. According to our MSEX split history records, Middlesex Water has had 3 splits.|
|MSEX Split History Table|
|10/02/1992||2 for 1|
|01/03/2002||3 for 2|
|11/17/2003||4 for 3|
|Utilities Stock Splits|
|MSEX is categorized under the Utilities sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: MSEX shares outstanding history