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|MYL Stock Split History|
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Mylan (MYL) has 4 splits in our Mylan stock split history database. The first split for MYL took place on August 03, 1992. This was a 2 for 1 split, meaning for each share of MYL 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. MYL's second split took place on August 16, 1995. This was a 3 for 2 split, meaning for each 2 shares of MYL 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. MYL's third split took place on January 28, 2003. This was a 3 for 2 split, meaning for each 2 shares of MYL owned pre-split, the shareholder now owned 3 shares. For example, a 3000 share position pre-split, became a 4500 share position following the split. MYL's 4th split took place on October 09, 2003. This was a 3 for 2 split, meaning for each 2 shares of MYL owned pre-split, the shareholder now owned 3 shares. For example, a 4500 share position pre-split, became a 6750 share position following the split.
When a company such as Mylan 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 Mylan stock split history from start to finish, an original position size of 1000 shares would have turned into 6750 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Mylan shares, starting with a $10,000 purchase of MYL, presented on a split-history-adjusted basis factoring in the complete Mylan stock split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-4.95%|
|Mylan is engaged in the global development, licensing, manufacture, marketing and distribution of generic, branded generic, brand-name and over-the-counter (OTC) pharmaceutical products for resale by others and active pharmaceutical ingredients (API) through three reportable segments on a geographic basis, North America, Europe and Rest of World. Co.'s API business is conducted through its subsidiary, Mylan Laboratories Limited, which is included within its Rest of World segment. Among Co.'s branded prescription products are EpiPen® Auto-Injector, Perforomist® Inhalation Solution and Dymista®. Co.'s OTC portfolio includes Cold-EEZE®, MidNite® and Vivarin®, as well as other products. According to our Mylan stock split history records, Mylan has had 4 splits.|
|MYL Split History Table|
|08/03/1992||2 for 1|
|08/16/1995||3 for 2|
|01/28/2003||3 for 2|
|10/09/2003||3 for 2|
|Healthcare Stock Splits|
|MYL is categorized under the Healthcare sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: MYL shares outstanding history