Miller Industries Inc (MLR) Stock Split History

Miller Industries Inc has split its stock 4 times since its initial public offering (IPO). The first stock split occurred on April 15, 1996 with the ratio of 3-for-2, meaning that for 2 shares of MLR owned pre-split, shareholders then owned 3 shares. 3 more splits have been implemented since then. The most recent stock split took place on October 01, 2001 on a 1-for-5 basis.

These splits have increased MLR 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 Miller Industries Inc's total market capitalization.

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

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