The Calculator automatically obtains adjusted closing stock price data, meaning adjusted for splits, but not adjusted for dividends. Is this a concern?
• If the stock had no dividends, the CSRP and TCOE calculations would be the same, all else being equal. • If the stock distributes dividends, then adjusted for dividends closing prices will lead to different conclusions than non-adjusted for dividends closing prices. From our experience, since generally dividends only occur once per quarter, the differences in the calculations are immaterial. Moreover, the differences do not occur in any one direction. For example, non-adjusted for dividend data may lead to a larger TCOE and/or CSRP than adjusted for dividend data for one stock, but lead to the opposite conclusions for another stock. • You can compare the calculations by pulling the non-adjusted dividend closing prices from Xignite and then manually cutting/pasting the adjusted dividend closing prices from Yahoo! Finance. BVR is providing adjusted closing values as a service to the user. BVR gets this data from a service provider that makes no warranties as to its accuracy. Users may
Related Questions
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