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 Video: What is a Stock Split?
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| Eaton Vance Massachusetts Municipal Bond Fund is a newly organized, closed-end, diversified management investment company. The Fund's investment objective is to achieve current income exempt from regular federal income tax, including alternative minimum tax, and taxes in its specified state. The Fund seeks to achieve its objective by investing primarily in high grade municipal obligations that are insured as to the timely payment of principal and interest. As of Sept 30 2017, the Fund's total assets were $40,965,820 and the investment portfolio totaled $39,733,005. According to our MAB split history records, Eaton Vance Massachusetts Municipal Bond Fund has had 5 splits. | |
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Eaton Vance Massachusetts Municipal Bond Fund (MAB) has 5 splits in our MAB split history database. The first split for MAB took place on November 26, 1997. This was a 103 for 100
split, meaning for each 100
shares of MAB owned pre-split, the shareholder now owned 103 shares. For example, a 1000 share position pre-split, became a 1030 share position following the split. MAB's second split took place on November 28, 1997. MAB's third split took place on November 30, 1998. This was a 103 for 100
split, meaning for each 100
shares of MAB owned pre-split, the shareholder now owned 103 shares. For example, a 1030 share position pre-split, became a 1060.9 share position following the split. MAB's 4th split took place on December 01, 1999. This was a 103 for 100
split, meaning for each 100
shares of MAB owned pre-split, the shareholder now owned 103 shares. For example, a 1060.9 share position pre-split, became a 1092.727 share position following the split. MAB's 5th split took place on November 30, 2000. This was a 103 for 100 split, meaning for each 100 shares of MAB owned pre-split, the shareholder now owned 103 shares. For example, a 1092.727 share position pre-split, became a 1125.50881 share position following the split.
When a company such as Eaton Vance Massachusetts Municipal Bond Fund 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 MAB split history from start to finish, an original position size of 1000 shares would have turned into 1125.50881 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Eaton Vance Massachusetts Municipal Bond Fund shares, starting with a $10,000 purchase of MAB, presented on a split-history-adjusted basis factoring in the complete MAB split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
09/17/2014 |
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| End date: |
12/14/2018 |
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| Start price/share: |
$14.02 |
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| End price/share: |
$12.28 |
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| Starting shares: |
713.27 |
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| Ending shares: |
864.86 |
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| Dividends reinvested/share: |
$2.68 |
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| Total return: |
6.20% |
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| Average Annual Total Return: |
1.43% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$10,621.10 |
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| Years: |
4.24 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
09/17/2014 |
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| End date: |
12/14/2018 |
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| Start price/share: |
$14.02 |
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| End price/share: |
$12.28 |
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| Dividends collected/share: |
$2.68 |
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| Total return: |
6.73% |
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| Average Annual Total Return: |
1.55% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$10,674.52 |
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| Years: |
4.24 |
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| Date |
Ratio |
| 11/26/1997 | 103 for 100
| | 11/28/1997 | 1 for 1 | | 11/30/1998 | 103 for 100
| | 12/01/1999 | 103 for 100
| | 11/30/2000 | 103 for 100 |
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