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 Video: Compound Annual Growth Rate (CAGR) Definition
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| Date |
Open |
High |
Low |
Close |
Volume |
| 09/01/2022 |
$8.61 |
$8.91 |
$8.56 |
$8.84 |
87.40K | | 09/02/2022 |
$8.90 |
$9.12 |
$8.90 |
$9.02 |
53.40K | | 09/06/2022 |
$9.08 |
$9.20 |
$8.76 |
$8.87 |
121.50K | | 09/07/2022 |
$8.80 |
$8.91 |
$8.73 |
$8.90 |
88.30K | | 09/08/2022 |
$8.89 |
$8.98 |
$8.86 |
$8.95 |
67.20K |
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| Salient Midstream & MLP Fund is a closed-end management investment company. The Fund's objective is to provide high total return with an emphasis on making quarterly cash distributions to its common shareholders by investing at least 80% of its total assets in securities of midstream companies and master limited partnerships. | |
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SMM (SMM) has the following price history information. Looking back at SMM historical stock prices for the last five trading days, on September 01, 2022, SMM opened at $8.61, traded as high as $8.91 and as low as $8.56, and closed at $8.84. Trading volume was a total of 87.40K shares. On September 02, 2022, SMM opened at $8.90, traded as high as $9.12 and as low as $8.90, and closed at $9.02. Trading volume was a total of 53.40K shares. On September 06, 2022, SMM opened at $9.08, traded as high as $9.20 and as low as $8.76, and closed at $8.87. Trading volume was a total of 121.50K shares. On September 07, 2022, SMM opened at $8.80, traded as high as $8.91 and as low as $8.73, and closed at $8.90. Trading volume was a total of 88.30K shares. On September 08, 2022, SMM opened at $8.89, traded as high as $8.98 and as low as $8.86, and closed at $8.95. Trading volume was a total of 67.20K shares.
SMM Historical Stock Prices By Date:
Below, we examine the compound annual growth rate — CAGR for short — of an investment into SMM shares, starting with a $10,000 purchase of SMM, and working forward through the historical stock price information to today.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
09/08/2022 |
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| Start price/share: |
$25.28 |
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| End price/share: |
$8.95 |
|
| Starting shares: |
395.57 |
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| Ending shares: |
749.03 |
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| Dividends reinvested/share: |
$7.17 |
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| Total return: |
-32.96% |
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| Average Annual Total Return: |
-4.66% |
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| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$6,701.86 |
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| Years: |
8.39 |
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Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
04/22/2014 |
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| End date: |
09/08/2022 |
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| Start price/share: |
$25.28 |
|
| End price/share: |
$8.95 |
|
| Dividends collected/share: |
$7.17 |
|
| Total return: |
-36.23% |
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| Average Annual Total Return: |
-5.22% |
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| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$6,378.80 |
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| Years: |
8.39 |
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| Date |
Close |
| 09/01/2022 | $8.84 | | 09/02/2022 | $9.02 | | 09/06/2022 | $8.87 | | 09/07/2022 | $8.90 | | 09/08/2022 | $8.95 |
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