Split History
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Dividend & Income Fund is registered as a diversified, closed-end management investment company. The Fund's primary investment objective is to seek high current income. Capital appreciation is a secondary objective. According to our DNI split history records, DNI has had 1 split.
DNI split history picture
DNI (DNI) has 1 split in our DNI split history database. The split for DNI took place on December 10, 2012. This was a 1 for 4 reverse split, meaning for each 4 shares of DNI owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split.

When a company such as DNI 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 DNI split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into DNI shares, starting with a $10,000 purchase of DNI, presented on a split-history-adjusted basis factoring in the complete DNI split history. DNI split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 04/25/2014
End date: 10/08/2020
Start price/share: $15.65
End price/share: $9.79
Starting shares: 638.98
Ending shares: 1,086.36
Dividends reinvested/share: $6.56
Total return: 6.35%
Average Annual Total Return: 0.96%
Starting investment: $10,000.00
Ending investment: $10,636.67
Years: 6.46
Growth of $10,000.00
Without Dividends Reinvested

Start date: 04/25/2014
End date: 10/08/2020
Start price/share: $15.65
End price/share: $9.79
Dividends collected/share: $6.56
Total return: 4.45%
Average Annual Total Return: 0.68%
Starting investment: $10,000.00
Ending investment: $10,447.54
Years: 6.46
Date Ratio
12/10/20121 for 4
DNI is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:

DNL Split History
DNY Split History
DOMA Split History
DON Split History
DOUG Split History
DPK Split History
DPST Split History
DRA Split History
DRE Split History
DRIP Split History

Also explore: DNI shares outstanding history

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