 |
 Video: What is a Stock Split?
|
|
|
| Reaves Utility Income Fund is registered as a non-diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of after-tax income and total return consisting primarily of tax-advantaged dividend income and capital appreciation. According to our UTG split history records, Reaves Utility Income Fund has had 2 splits. | |
|
Reaves Utility Income Fund (UTG) has 2 splits in our UTG split history database. The first split for UTG took place on July 05, 2012. This was a 1034 for 1000 split, meaning for each 1000 shares of UTG owned pre-split, the shareholder now owned 1034 shares. For example, a 1000 share position pre-split, became a 1034 share position following the split. UTG's second split took place on November 17, 2015. This was a 1022 for 1000 split, meaning for each 1000 shares of UTG owned pre-split, the shareholder now owned 1022 shares. For example, a 1034 share position pre-split, became a 1056.748 share position following the split.
When a company such as Reaves Utility Income 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 UTG split history from start to finish, an original position size of 1000 shares would have turned into 1056.748 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Reaves Utility Income Fund shares, starting with a $10,000 purchase of UTG, presented on a split-history-adjusted basis factoring in the complete UTG split history.
Growth of $10,000.00
With Dividends Reinvested
|
| Start date: |
01/20/2016 |
|
| End date: |
01/16/2026 |
|
| Start price/share: |
$23.98 |
|
| End price/share: |
$37.89 |
|
| Starting shares: |
417.01 |
|
| Ending shares: |
848.87 |
|
| Dividends reinvested/share: |
$22.40 |
|
| Total return: |
221.64% |
|
| Average Annual Total Return: |
12.40% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$32,175.41 |
|
| Years: |
10.00 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
01/20/2016 |
|
| End date: |
01/16/2026 |
|
| Start price/share: |
$23.98 |
|
| End price/share: |
$37.89 |
|
| Dividends collected/share: |
$22.40 |
|
| Total return: |
151.41% |
|
| Average Annual Total Return: |
9.66% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$25,140.43 |
|
| Years: |
10.00 |
|
|
|
| Date |
Ratio |
| 07/05/2012 | 1034 for 1000 | | 11/17/2015 | 1022 for 1000 |
|
|
Free UTG Email Alerts:
