Mohawk Industries, Inc. (MHK) Stock Split History

Mohawk Industries, Inc. has split its stock 2 times since its initial public offering (IPO). The first stock split occurred on August 25, 1993 with the ratio of 3-for-2, meaning that for 2 shares of MHK owned pre-split, shareholders then owned 3 shares. The most recent stock split took place on December 05, 1997 on a 3-for-2 basis.

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

For more detailed information of Mohawk Industries, Inc.'s stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Mohawk Industries, Inc. 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 MHK stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Mohawk Industries, Inc.'s board of directors. Typically, no action is taken until its price per share reaches a specific threshold.