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Alpine Global Dynamic Dividend Fund (AGD) has 1 split in our AGD split history database. The split for AGD took place on January 21, 2014. This was a 1 for 2 reverse split, meaning for each 2 shares of AGD owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 500 share position following the split.
When a company such as Alpine Global Dynamic Dividend Fund 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 AGD split history from start to finish, an original position size of 1000 shares would have turned into 500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Alpine Global Dynamic Dividend Fund shares, starting with a $10,000 purchase of AGD, presented on a split-history-adjusted basis factoring in the complete AGD split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||2.65%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||0.46%|
|About Alpine Global Dynamic Dividend Fund|
|Aberdeen Global Dynamic Dividend Fund is registered as a diversified, closed-end management investment company. The Fund's primary investment objective is to seek high current dividend income, more than 50% of which qualifies for the reduced Federal income tax rates created by the Jobs and Growth Tax Relief Reconciliation Act of 2003. The Fund also focuses on long-term growth of capital as a secondary investment objective. According to our AGD split history records, Alpine Global Dynamic Dividend Fund has had 1 split.|
|AGD Split History Table|
|01/21/2014||1 for 2|
|Financials Stock Splits|
|AGD is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:|