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 Video: What is a Stock Split?
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| The Herzfeld Caribbean Basin Fund is a closed-end management investment company. The Fund's investment objective is to obtain long-term capital appreciation by investing primarily in equity and equity-linked securities of public and private companies, including United States-based companies: whose securities are traded on a stock exchange in a Caribbean Basin Country; or that have at least 50% of the value of their assets in a Caribbean Basin Country; or that derive at least 50% of their total revenue from operations in a Caribbean Basin Country. Under normal conditions, the Fund invests at least 80% of its total assets in equity and equity-linked securities of Caribbean Basin Countries. According to our CUBA split history records, The Herzfeld Caribbean Basin Fund Inc - Closed E has had 1 split. | |
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The Herzfeld Caribbean Basin Fund Inc - Closed E (CUBA) has 1 split in our CUBA split history database. The split for CUBA took place on November 18, 2021. This was a 1034 for 1000 split, meaning for each 1000 shares of CUBA owned pre-split, the shareholder now owned 1034 shares. For example, a 1000 share position pre-split, became a 1034 share position following the split.
When a company such as The Herzfeld Caribbean Basin Fund Inc - Closed E 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 CUBA split history from start to finish, an original position size of 1000 shares would have turned into 1034 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into The Herzfeld Caribbean Basin Fund Inc - Closed E shares, starting with a $10,000 purchase of CUBA, presented on a split-history-adjusted basis factoring in the complete CUBA split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/16/2014 |
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| End date: |
12/13/2024 |
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| Start price/share: |
$6.59 |
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| End price/share: |
$2.47 |
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| Starting shares: |
1,517.45 |
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| Ending shares: |
4,116.83 |
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| Dividends reinvested/share: |
$4.83 |
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| Total return: |
1.69% |
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| Average Annual Total Return: |
0.17% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$10,171.31 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/16/2014 |
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| End date: |
12/13/2024 |
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| Start price/share: |
$6.59 |
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| End price/share: |
$2.47 |
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| Dividends collected/share: |
$4.83 |
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| Total return: |
10.70% |
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| Average Annual Total Return: |
1.02% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,068.11 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 11/18/2021 | 1034 for 1000 |
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