what is a mutual funds dividends reinvestment book SHRS?

Question

in relation to unclaimed funds.These mutual funds remained untouched for 33 yrs..is it worth anything?
Possibly from life insurance through state employment which was abandoned and turned over to stock ..then into the comptrollers hands.

Answer 1

When a mutual fund declares a dividend the amount of the dividend is frequently designated to be reinvested in the mutual fund. The amount of the dividend is used to purchase however many shares it will buy , & the account value now is based on the number of shares now owned (w the div purchase) times the value of one share .

Through the years most funds will appreciate despite occasional declines, & the extra shares bought w dividends can prove very significant .

Good Luck!