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 Video: What is a Stock Split?
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| Clough Global Dividend & Income Fund is a non-diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of total return. As of Oct 31, 2016, the Fund's total assets comprised of $258,607,405 and the Fund's investment portfolio was valued at $199,890,672. According to our GLV split history records, Clough Global Allocation Fund has had 1 split. | |
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Clough Global Allocation Fund (GLV) has 1 split in our GLV split history database. The split for GLV took place on July 17, 2019. This was a 1001 for 1000 split, meaning for each 1000 shares of GLV owned pre-split, the shareholder now owned 1001 shares. For example, a 1000 share position pre-split, became a 1001 share position following the split.
When a company such as Clough Global Allocation 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 GLV split history from start to finish, an original position size of 1000 shares would have turned into 1001 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Clough Global Allocation Fund shares, starting with a $10,000 purchase of GLV, presented on a split-history-adjusted basis factoring in the complete GLV split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
07/21/2015 |
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| End date: |
07/18/2025 |
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| Start price/share: |
$15.00 |
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| End price/share: |
$5.59 |
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| Starting shares: |
666.67 |
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| Ending shares: |
2,128.14 |
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| Dividends reinvested/share: |
$11.07 |
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| Total return: |
18.96% |
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| Average Annual Total Return: |
1.75% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,894.44 |
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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: |
07/21/2015 |
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| End date: |
07/18/2025 |
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| Start price/share: |
$15.00 |
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| End price/share: |
$5.59 |
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| Dividends collected/share: |
$11.07 |
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| Total return: |
11.08% |
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| Average Annual Total Return: |
1.06% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,112.02 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 07/17/2019 | 1001 for 1000 |
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