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Mohawk Industries (MHK) has 2 splits in our Mohawk Industries stock split history database. The first split for MHK took place on August 25, 1993. This was a 3 for 2 split, meaning for each 2 shares of MHK 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. MHK's second split took place on December 05, 1997. This was a 3 for 2 split, meaning for each 2 shares of MHK 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 Mohawk Industries 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 Mohawk Industries stock 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 Mohawk Industries shares, starting with a $10,000 purchase of MHK, presented on a split-history-adjusted basis factoring in the complete Mohawk Industries stock split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||11.88%|
|About Mohawk Industries|
|Mohawk Industries is a global flooring manufacturer for residential and commercial spaces around the world. Co. has three segments: Global Ceramic, which designs, manufactures, sources, distributes and markets a line of ceramic, porcelain and natural stone tile products used for floor and wall applications; Flooring North America, which designs, manufactures, sources and distributes broadloom carpet, carpet tile, rugs and mats, carpet pad, laminate, medium-density fiberboard, luxury vinyl tile (LVT) and sheet vinyl; and Flooring Rest of the World, which designs, manufactures, sources and distributes laminate, LVT and sheet vinyl, wood flooring, broadloom carpet and carpet tile collections. According to our Mohawk Industries stock split history records, Mohawk Industries has had 2 splits.|
|MHK Split History Table|
|08/25/1993||3 for 2|
|12/05/1997||3 for 2|
|Materials Stock Splits|
|MHK is categorized under the Materials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: MHK shares outstanding history