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Video: What is a Stock Split?
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USG is a manufacturer of building materials and solutions. Co.'s segments are: Gypsum, which manufactures and markets gypsum and related products primary used in a variety of building applications; Performance Materials, which manufactures and markets products used in a variety of interior and exterior building applications of residential, nonresidential buildings and industrial; Ceilings, which manufactures and markets ceiling interior systems products including ceiling tile, ceiling grid, and specialty ceilings; and USG Boral Building Products, which manufactures and distributes products for wall, ceiling, floor lining and exterior systems that utilize gypsum wallboard. According to our USG split history records, Uscf Gold Strategy Plus Income Fund has had 2 splits. | |
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Uscf Gold Strategy Plus Income Fund (USG) has 2 splits in our USG split history database. The first split for USG took place on May 20, 1993. This was a 1 for 40
reverse split, meaning for each 40
shares of USG owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 25 share position following the split. USG's second split took place on May 07, 1993. This was a 1 for 50 reverse split, meaning for each 50 shares of USG owned pre-split, the shareholder now owned 1 share. For example, a 25 share position pre-split, became a 0.5 share position following the split.
When a company such as Uscf Gold Strategy Plus Income Fund conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the USG split history from start to finish, an original position size of 1000 shares would have turned into 0.5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Uscf Gold Strategy Plus Income Fund shares, starting with a $10,000 purchase of USG, presented on a split-history-adjusted basis factoring in the complete USG split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
11/03/2021 |
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End date: |
04/18/2024 |
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Start price/share: |
$24.83 |
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End price/share: |
$27.28 |
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Starting shares: |
402.72 |
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Ending shares: |
453.39 |
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Dividends reinvested/share: |
$2.96 |
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Total return: |
23.69% |
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Average Annual Total Return: |
9.04% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$12,369.97 |
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Years: |
2.46 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
11/03/2021 |
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End date: |
04/18/2024 |
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Start price/share: |
$24.83 |
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End price/share: |
$27.28 |
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Dividends collected/share: |
$2.96 |
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Total return: |
21.79% |
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Average Annual Total Return: |
8.35% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$12,178.48 |
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Years: |
2.46 |
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Date |
Ratio |
05/20/1993 | 1 for 40
| 05/07/1993 | 1 for 50 |
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