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Video: What is a Stock Split?
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PIMCO Energy and Tactical Credit Opportunities Fund is a closed-end management investment company. The Fund's primary investment objective is to seek total return, with a secondary objective to seek to provide high current income. According to our NRGX split history records, NRGX has had 1 split. | |
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NRGX (NRGX) has 1 split in our NRGX split history database. The split for NRGX took place on September 10, 2004. This was a 1 for 25 reverse split, meaning for each 25 shares of NRGX owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 40 share position following the split.
When a company such as NRGX 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 NRGX split history from start to finish, an original position size of 1000 shares would have turned into 40 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NRGX shares, starting with a $10,000 purchase of NRGX, presented on a split-history-adjusted basis factoring in the complete NRGX split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
01/31/2019 |
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End date: |
11/20/2023 |
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Start price/share: |
$20.10 |
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End price/share: |
$20.26 |
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Starting shares: |
497.51 |
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Ending shares: |
729.37 |
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Dividends reinvested/share: |
$4.94 |
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Total return: |
47.77% |
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Average Annual Total Return: |
8.47% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$14,780.18 |
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Years: |
4.81 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
01/31/2019 |
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End date: |
11/20/2023 |
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Start price/share: |
$20.10 |
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End price/share: |
$20.26 |
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Dividends collected/share: |
$4.94 |
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Total return: |
25.37% |
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Average Annual Total Return: |
4.82% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$12,538.45 |
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Years: |
4.81 |
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Date |
Ratio |
09/10/2004 | 1 for 25 |
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