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 Video: What is a Stock Split?
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| Virtus Diversified Income & Convertible is a diversified, closed-end management investment company. The Fund's investment objective is to provide total return through a combination of current income and capital appreciation, while seeking to provide downside protection against capital loss. Under normal market conditions, the Fund will seek to achieve its investment objective by investing in a combination of convertible securities, debt and other instruments and common stocks and other equity securities. According to our ACV split history records, Virtus Diversified Income & Convertible Fund Commo has had 6 splits. | |
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Virtus Diversified Income & Convertible Fund Commo (ACV) has 6 splits in our ACV split history database. The first split for ACV took place on February 21, 1985. This was a 3 for 2
split, meaning for each 2
shares of ACV owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. ACV's second split took place on February 21, 1986. This was a 3 for 2
split, meaning for each 2
shares of ACV owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. ACV's third split took place on April 29, 1986. This was a 3 for 2
split, meaning for each 2
shares of ACV owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split. ACV's 4th split took place on February 21, 1990. This was a 2 for 1
split, meaning for each share of ACV owned pre-split, the shareholder now owned 2 shares. For example, a 3375 share position pre-split, became a 6750 share position following the split. ACV's 5th split took place on February 21, 1997. This was a 2 for 1
split, meaning for each share of ACV owned pre-split, the shareholder now owned 2 shares. For example, a 6750 share position pre-split, became a 13500 share position following the split. ACV's 6th split took place on February 23, 2004. This was a 3 for 2 split, meaning for each 2 shares of ACV owned pre-split, the shareholder now owned 3 shares. For example, a 13500 share position pre-split, became a 20250 share position following the split.
When a company such as Virtus Diversified Income & Convertible Fund Commo splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the ACV split history from start to finish, an original position size of 1000 shares would have turned into 20250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Virtus Diversified Income & Convertible Fund Commo shares, starting with a $10,000 purchase of ACV, presented on a split-history-adjusted basis factoring in the complete ACV split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
05/22/2015 |
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| End date: |
12/09/2024 |
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| Start price/share: |
$24.98 |
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| End price/share: |
$23.14 |
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| Starting shares: |
400.32 |
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| Ending shares: |
1,153.57 |
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| Dividends reinvested/share: |
$25.70 |
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| Total return: |
166.94% |
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| Average Annual Total Return: |
10.82% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$26,699.34 |
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| Years: |
9.56 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
05/22/2015 |
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| End date: |
12/09/2024 |
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| Start price/share: |
$24.98 |
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| End price/share: |
$23.14 |
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| Dividends collected/share: |
$25.70 |
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| Total return: |
95.50% |
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| Average Annual Total Return: |
7.27% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$19,558.65 |
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| Years: |
9.56 |
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| Date |
Ratio |
| 02/21/1985 | 3 for 2
| | 02/21/1986 | 3 for 2
| | 04/29/1986 | 3 for 2
| | 02/21/1990 | 2 for 1
| | 02/21/1997 | 2 for 1
| | 02/23/2004 | 3 for 2 |
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