 |
 Video: What is a Stock Split?
|
|
|
| Blackrock Florida Municipal 2020 Term Trust is registered as a non-diversified closed-end management investment company. The Trust's investment objectives are to provide current income exempt from regular United States federal income tax and Florida intangible personal property tax and to return $15.00 per common share (the initial offering price per share) to holders of common shares on or about Dec. 31, 2020. According to our BFO split history records, BlackRock Florida Municipal 2020 Term Trust has had 3 splits. | |
|
BlackRock Florida Municipal 2020 Term Trust (BFO) has 3 splits in our BFO split history database. The first split for BFO took place on January 26, 1987. This was a 2 for 1
split, meaning for each share of BFO owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. BFO's second split took place on April 27, 1992. This was a 2 for 1
split, meaning for each share of BFO owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. BFO's third split took place on April 27, 1998. This was a 2 for 1
split, meaning for each share of BFO owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split.
When a company such as BlackRock Florida Municipal 2020 Term Trust 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 BFO split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into BlackRock Florida Municipal 2020 Term Trust shares, starting with a $10,000 purchase of BFO, presented on a split-history-adjusted basis factoring in the complete BFO split history.
Growth of $10,000.00
With Dividends Reinvested
|
| Start date: |
03/27/2013 |
|
| End date: |
12/15/2020 |
|
| Start price/share: |
$15.54 |
|
| End price/share: |
$14.25 |
|
| Starting shares: |
643.50 |
|
| Ending shares: |
812.16 |
|
| Dividends reinvested/share: |
$3.47 |
|
| Total return: |
15.73% |
|
| Average Annual Total Return: |
1.91% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$11,573.99 |
|
| Years: |
7.73 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
03/27/2013 |
|
| End date: |
12/15/2020 |
|
| Start price/share: |
$15.54 |
|
| End price/share: |
$14.25 |
|
| Dividends collected/share: |
$3.47 |
|
| Total return: |
14.02% |
|
| Average Annual Total Return: |
1.71% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$11,399.66 |
|
| Years: |
7.73 |
|
|
|
| Date |
Ratio |
| 01/26/1987 | 2 for 1
| | 04/27/1992 | 2 for 1
| | 04/27/1998 | 2 for 1
|
|
|
Free BFO Email Alerts:
