Oct 01, 2001
1:5
For every 5 shares held, investors received 1. The price per share adjusted from $0.77 to $3.85.
The split itself did not change the total investment value.
Miller Industries, Inc. (NYSE:MLR) operates in the Motor vehicles industry.
Miller Industries, Inc. company overviewMiller Industries, Inc.'s most recent stock split was on October 1, 2001. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
Miller Industries, Inc. (NYSE:MLR) has split its stock 4 times: a 3-for-2 split on April 15, 1996, a 2-for-1 split on October 1, 1996, a 3-for-2 split on December 31, 1996, and a 1-for-5 reverse split on October 1, 2001.
Miller Industries, Inc. has split its stock 4 times. This history records 4 splits between April 15, 1996 and October 1, 2001.
A reverse stock split combines several shares into one and raises the price per share by the same factor, so the total value of a holding does not change. In Miller Industries, Inc.'s 1-for-5 reverse split on October 1, 2001, every 5 shares became one share. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Miller Industries, Inc. has not announced a new split in our records. Its most recent split was on October 1, 2001, 25 years ago. Companies announce splits in advance, and any new NYSE:MLR split will appear on this page.