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 Video: What is a Stock Split?
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| M.D.C. Holdings engages in homebuilding and financial services operations. Co.'s homebuilding operations include subsidiaries that purchase finished lots or develop lots to the extent necessary for the construction and sale of single-family detached homes to first-time and first-time move-up homebuyers. Co.'s financial services operations include: its subsidiary, HomeAmerican Mortgage Corporation, which originates mortgage loans for homebuyers; and its other subsidiary, Allegiant Insurance Company, Inc., A Risk Retention Group, which provides insurance coverage to its homebuilding subsidiaries on homes that have been delivered and subcontractors for completed work on those delivered homes. According to our MDC split history records, M.D.C. Holdings has had 8 splits. | |
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M.D.C. Holdings (MDC) has 8 splits in our MDC split history database. The first split for MDC took place on February 01, 2001. This was a 11 for 10 split, meaning for each 10 shares of MDC owned pre-split, the shareholder now owned 11 shares. For example, a 1000 share position pre-split, became a 1100 share position following the split. MDC's second split took place on December 13, 2001. This was a 110 for 100 split, meaning for each 100 shares of MDC owned pre-split, the shareholder now owned 110 shares. For example, a 1100 share position pre-split, became a 1210 share position following the split. MDC's third split took place on May 08, 2003. This was a 11 for 10 split, meaning for each 10 shares of MDC owned pre-split, the shareholder now owned 11 shares. For example, a 1210 share position pre-split, became a 1331 share position following the split. MDC's 4th split took place on March 04, 2004. This was a 11 for 10 split, meaning for each 10 shares of MDC owned pre-split, the shareholder now owned 11 shares. For example, a 1331 share position pre-split, became a 1464.1 share position following the split. MDC's 5th split took place on January 11, 2005. This was a 130 for 100 split, meaning for each 100 shares of MDC owned pre-split, the shareholder now owned 130 shares. For example, a 1464.1 share position pre-split, became a 1903.33 share position following the split. MDC's 6th split took place on December 20, 2016. This was a 105 for 100 split, meaning for each 100 shares of MDC owned pre-split, the shareholder now owned 105 shares. For example, a 1903.33 share position pre-split, became a 1998.4965 share position following the split. MDC's 7th split took place on December 04, 2017. This was a 108 for 100 split, meaning for each 100 shares of MDC owned pre-split, the shareholder now owned 108 shares. For example, a 1998.4965 share position pre-split, became a 2158.37622 share position following the split. MDC's 8th split took place on March 02, 2021. This was a 108 for 100 split, meaning for each 100 shares of MDC owned pre-split, the shareholder now owned 108 shares. For example, a 2158.37622 share position pre-split, became a 2331.0463176 share position following the split.
When a company such as M.D.C. Holdings 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 MDC split history from start to finish, an original position size of 1000 shares would have turned into 2331.0463176 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into M.D.C. Holdings shares, starting with a $10,000 purchase of MDC, presented on a split-history-adjusted basis factoring in the complete MDC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/28/2014 |
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| End date: |
04/18/2024 |
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| Start price/share: |
$22.35 |
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| End price/share: |
$62.98 |
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| Starting shares: |
447.43 |
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| Ending shares: |
658.69 |
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| Dividends reinvested/share: |
$12.73 |
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| Total return: |
314.84% |
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| Average Annual Total Return: |
15.32% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$41,481.95 |
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| Years: |
9.98 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/28/2014 |
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| End date: |
04/18/2024 |
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| Start price/share: |
$22.35 |
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| End price/share: |
$62.98 |
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| Dividends collected/share: |
$12.73 |
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| Total return: |
238.74% |
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| Average Annual Total Return: |
13.00% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$33,866.20 |
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| Years: |
9.98 |
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| Date |
Ratio |
| 02/01/2001 | 11 for 10 | | 12/13/2001 | 110 for 100 | | 05/08/2003 | 11 for 10 | | 03/04/2004 | 11 for 10 | | 01/11/2005 | 130 for 100 | | 12/20/2016 | 105 for 100 | | 12/04/2017 | 108 for 100 | | 03/02/2021 | 108 for 100 |
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