|
Video: What is a Stock Split?
|
|
The Denali Fund is a closed-end diversified investment management company. The Fund's investment objective is to provide high current income, and its secondary objective is to provide capital appreciation. In seeking to accomplish both, the Fund has assembled a portfolio with a broad mix of equity securities of real estate investment trusts (REITs) and other real estate companies. As of Oct 31 2013, the Fund had total assets of $125,795,029 and the investment portfolio totaled $124,267,513. According to our DNY split history records, DNY has had 2 splits. | |
|
DNY (DNY) has 2 splits in our DNY split history database. The first split for DNY took place on June 01, 1987. This was a 2 for 1
split, meaning for each share of DNY 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. DNY's second split took place on September 01, 1992. This was a 2 for 1
split, meaning for each share of DNY 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.
When a company such as DNY 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 DNY split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into DNY shares, starting with a $10,000 purchase of DNY, presented on a split-history-adjusted basis factoring in the complete DNY split history.
Growth of $10,000.00
With Dividends Reinvested
|
Start date: |
11/11/2014 |
|
End date: |
03/20/2015 |
|
Start price/share: |
$22.28 |
|
End price/share: |
$21.22 |
|
Starting shares: |
448.83 |
|
Ending shares: |
494.81 |
|
Dividends reinvested/share: |
$2.16 |
|
Total return: |
5.00% |
|
Annualized Gain: |
14.26% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$10,500.00 |
|
Years: |
0.35 |
|
|
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
11/11/2014 |
|
End date: |
03/20/2015 |
|
Start price/share: |
$22.28 |
|
End price/share: |
$21.22 |
|
Dividends collected/share: |
$2.16 |
|
Total return: |
4.95% |
|
Annualized Gain: |
14.10% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$10,495.00 |
|
Years: |
0.35 |
|
|
|
Date |
Ratio |
06/01/1987 | 2 for 1
| 09/01/1992 | 2 for 1
|
|
|