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Adams Diversified Equity Fund (ADX) has 1 split in our ADX split history database. The split for ADX took place on October 20, 2000. This was a 3 for 2 split, meaning for each 2 shares of ADX 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 Adams Diversified Equity 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 ADX 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 Adams Diversified Equity Fund shares, starting with a $10,000 purchase of ADX, presented on a split-history-adjusted basis factoring in the complete ADX split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||11.07%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||8.93%|
|About Adams Diversified Equity Fund|
|Adams Diversified Equity Fund is registered as a diversified, closed-end investment company. The Fund's investment objectives are preservation of capital, reasonable income from investments, and capital appreciation. According to our ADX split history records, Adams Diversified Equity Fund has had 1 split.|
|ADX Split History Table|
|10/20/2000||3 for 2|
|Financials Stock Splits|
|ADX is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:|