 |
 Video: What is a Stock Split?
|
|
|
| Salient MLP & Energy Infrastructure is a non-diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of total return with an emphasis on making quarterly cash distributions to its shareholders. The Fund seeks to achieve that objective by investing at least 80% of its total assets in securities of MLPs and Energy Infrastructure Companies. As of Nov 30 2013, the Fund's assets totaled $314,312,589 and investment portfolio totaled $314,259,405. According to our SMF split history records, SMF has had 1 split. | |
|
SMF (SMF) has 1 split in our SMF split history database. The split for SMF took place on February 08, 1993. This was a 3 for 2
split, meaning for each 2
shares of SMF owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split.
When a company such as SMF 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 SMF split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SMF shares, starting with a $10,000 purchase of SMF, presented on a split-history-adjusted basis factoring in the complete SMF split history.
Growth of $10,000.00
With Dividends Reinvested
|
| Start date: |
10/07/2013 |
|
| End date: |
11/14/2014 |
|
| Start price/share: |
$26.31 |
|
| End price/share: |
$30.56 |
|
| Starting shares: |
380.08 |
|
| Ending shares: |
404.38 |
|
| Dividends reinvested/share: |
$1.87 |
|
| Total return: |
23.58% |
|
| Average Annual Total Return: |
21.14% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$12,358.30 |
|
| Years: |
1.10 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
10/07/2013 |
|
| End date: |
11/14/2014 |
|
| Start price/share: |
$26.31 |
|
| End price/share: |
$30.56 |
|
| Dividends collected/share: |
$1.87 |
|
| Total return: |
23.26% |
|
| Average Annual Total Return: |
20.86% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$12,326.76 |
|
| Years: |
1.10 |
|
|
|
| Date |
Ratio |
| 02/08/1993 | 3 for 2
|
|
|
Free SMF Email Alerts:
