McGrath Rentcorp (MGRC) Stock Split History

McGrath Rentcorp has split its stock 3 times since its initial public offering (IPO). The first stock split occurred on April 22, 1991 with the ratio of 2-for-1, meaning that for 1 share of MGRC owned pre-split, shareholders then owned 2 shares. 2 more splits have been implemented since then. The most recent stock split took place on March 28, 2005 on a 2-for-1 basis.

These splits have increased MGRC stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on McGrath Rentcorp's total market capitalization.

For more detailed information of McGrath Rentcorp's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. McGrath Rentcorp has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when MGRC stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by McGrath Rentcorp's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.