|
Video: What is a Stock Split?
|
|
Global X SuperDividend is an open-end management investment company. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global SuperDividend Index (the Index). The Fund generally seeks to replicate the Index but may at times invest in a representative sample of securities that collectively has an investment profile similar to the Index and as a result may or may not hold all the securities that are included in the Index. As of Oct 31 2014, the Fund had total assets of $1,129,973,903 and its total investments were $1,119,241,880. According to our Global X Funds - SuperDividend ETF stock split history records, Global X Funds - SuperDividend ETF has had 1 split. | |
|
Global X Funds - SuperDividend ETF (SDIV) has 1 split in our Global X Funds - SuperDividend ETF stock split history database. The split for SDIV took place on December 20, 2022. This was a 1 for 3 reverse split, meaning for each 3 shares of SDIV owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 333.333333333333 share position following the split.
When a company such as Global X Funds - SuperDividend ETF 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 Global X Funds - SuperDividend ETF stock split history from start to finish, an original position size of 1000 shares would have turned into 333.333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Global X Funds - SuperDividend ETF shares, starting with a $10,000 purchase of SDIV, presented on a split-history-adjusted basis factoring in the complete Global X Funds - SuperDividend ETF stock split history.
Growth of $10,000.00
With Dividends Reinvested
|
Start date: |
04/01/2014 |
|
End date: |
03/28/2024 |
|
Start price/share: |
$73.38 |
|
End price/share: |
$21.65 |
|
Starting shares: |
136.28 |
|
Ending shares: |
309.61 |
|
Dividends reinvested/share: |
$38.18 |
|
Total return: |
-32.97% |
|
Average Annual Total Return: |
-3.92% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$6,704.67 |
|
Years: |
10.00 |
|
|
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
04/01/2014 |
|
End date: |
03/28/2024 |
|
Start price/share: |
$73.38 |
|
End price/share: |
$21.65 |
|
Dividends collected/share: |
$38.18 |
|
Total return: |
-18.46% |
|
Average Annual Total Return: |
-2.02% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$8,154.52 |
|
Years: |
10.00 |
|
|
|
Date |
Ratio |
12/20/2022 | 1 for 3 |
|
|