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 Video: What is a Stock Split?
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| Gabelli Utility Trust is registered as a non-diversified, closed-end management investment company. The Fund's primary objective is long-term growth of capital and income. According to our GUT split history records, Gabelli Utility Trust has had 2 splits. | |
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Gabelli Utility Trust (GUT) has 2 splits in our GUT split history database. The first split for GUT took place on September 09, 2024. This was a 1026 for 1000 split, meaning for each 1000 shares of GUT owned pre-split, the shareholder now owned 1026 shares. For example, a 1000 share position pre-split, became a 1026 share position following the split. GUT's second split took place on November 07, 2012. This was a 1026 for 1000 split, meaning for each 1000 shares of GUT owned pre-split, the shareholder now owned 1026 shares. For example, a 1026 share position pre-split, became a 1052.676 share position following the split.
When a company such as Gabelli Utility Trust splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the GUT split history from start to finish, an original position size of 1000 shares would have turned into 1052.676 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Gabelli Utility Trust shares, starting with a $10,000 purchase of GUT, presented on a split-history-adjusted basis factoring in the complete GUT split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/08/2015 |
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| End date: |
12/04/2025 |
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| Start price/share: |
$5.71 |
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| End price/share: |
$6.05 |
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| Starting shares: |
1,751.31 |
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| Ending shares: |
4,284.87 |
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| Dividends reinvested/share: |
$5.82 |
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| Total return: |
159.23% |
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| Average Annual Total Return: |
10.00% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$25,930.65 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/08/2015 |
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| End date: |
12/04/2025 |
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| Start price/share: |
$5.71 |
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| End price/share: |
$6.05 |
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| Dividends collected/share: |
$5.82 |
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| Total return: |
107.85% |
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| Average Annual Total Return: |
7.59% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$20,779.35 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 09/09/2024 | 1026 for 1000 | | 11/07/2012 | 1026 for 1000 |
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