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MSC Industrial Direct (MSM) has 1 split in our MSM split history database. The split for MSM took place on May 26, 1998. This was a 2 for 1 split, meaning for each share of MSM 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.
When a company such as MSC Industrial Direct 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 MSM split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MSC Industrial Direct shares, starting with a $10,000 purchase of MSM, presented on a split-history-adjusted basis factoring in the complete MSM split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||7.77%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||6.63%|
|About MSC Industrial Direct|
|MSC Industrial Direct Co. is a distributor of metalworking and maintenance, repair and operations (MRO) products and services. Co. provides several stock-keeping units through its eCommerce channels, including its website, mscdirect.com; its inventory management solutions; catalogs and brochures; and call-centers and branches. Co.'s range of MRO products includes cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies. According to our MSM split history records, MSC Industrial Direct has had 1 split.|
|MSM Split History Table|
|05/26/1998||2 for 1|
|Industrials Stock Splits|
|MSM 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: MSM shares outstanding history