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MasTec (MTZ) has 2 splits in our MTZ split history database. The first split for MTZ took place on March 03, 1997. This was a 3 for 2 split, meaning for each 2 shares of MTZ 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. MTZ's second split took place on June 20, 2000. This was a 3 for 2 split, meaning for each 2 shares of MTZ 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 MasTec 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 MTZ 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 MasTec shares, starting with a $10,000 purchase of MTZ, presented on a split-history-adjusted basis factoring in the complete MTZ split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||18.83%|
|MasTec is an infrastructure construction company operating mainly throughout North America across a range of industries. Co. manages its operations under five operating segment: Communications, which performs engineering, construction, maintenance and customer fulfillment activities related to communications infrastructure; Clean Energy and Infrastructure, which primarily serves energy, utility and other end-markets; Oil and Gas, which performs engineering, construction and maintenance services for pipelines and processing facilities for the energy and utilities industries; Electrical Transmission, which primarily serves the energy and utility industries; and Other. According to our MTZ split history records, MasTec has had 2 splits.|
|MTZ Split History Table|
|03/03/1997||3 for 2|
|06/20/2000||3 for 2|
|Industrials Stock Splits|
|MTZ 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: MTZ shares outstanding history