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 Video: What is a Stock Split?
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| Eaton Vance Short Duration Diversified Income Fund is a diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of current income. The Fund may, as a secondary objective, also seek capital appreciation to the extent consistent with its primary goal of high current income. According to our EVG split history records, Eaton Vance Short Duration Diversified Income Fund has had 1 split. | |
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Eaton Vance Short Duration Diversified Income Fund (EVG) has 1 split in our EVG split history database. The split for EVG took place on September 16, 2003. This was a 2 for 1 split, meaning for each share of EVG 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.
When a company such as Eaton Vance Short Duration Diversified Income Fund 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 EVG split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Eaton Vance Short Duration Diversified Income Fund shares, starting with a $10,000 purchase of EVG, presented on a split-history-adjusted basis factoring in the complete EVG split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/10/2014 |
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| End date: |
10/08/2024 |
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| Start price/share: |
$14.69 |
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| End price/share: |
$11.28 |
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| Starting shares: |
680.74 |
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| Ending shares: |
1,528.64 |
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| Dividends reinvested/share: |
$10.08 |
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| Total return: |
72.43% |
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| Average Annual Total Return: |
5.60% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$17,246.62 |
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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: |
10/10/2014 |
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| End date: |
10/08/2024 |
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| Start price/share: |
$14.69 |
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| End price/share: |
$11.28 |
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| Dividends collected/share: |
$10.08 |
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| Total return: |
45.37% |
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| Average Annual Total Return: |
3.81% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,535.72 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 09/16/2003 | 2 for 1 |
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