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 Video: What is a Stock Split?
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| Unitil Corporation is a public utility holding company. Co.'s principal business is the local distribution of electricity and natural gas throughout its service territories in the states of New Hampshire, Massachusetts, and Maine. Co. operates through two segments: utility electric operations and utility gas operations. Co.'s electric distribution operations are conducted through two of the Co.'s utilities, Unitil Energy and Fitchburg. Unitil Energy's service territory consists of approximately 408 square miles. Unitil Energy's service territory encompasses retail and recreation centers for the central and southeastern parts of the state and includes the Hampton Beach recreational area. According to our UTL split history records, UNITIL has had 2 splits. | |
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UNITIL (UTL) has 2 splits in our UTL split history database. The first split for UTL took place on December 14, 1992. This was a 2 for 1
split, meaning for each share of UTL owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. UTL's second split took place on April 27, 1992. This was a 111 for 100 split, meaning for each 100 shares of UTL owned pre-split, the shareholder now owned 111 shares. For example, a 2000 share position pre-split, became a 2220 share position following the split.
When a company such as UNITIL 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 UTL split history from start to finish, an original position size of 1000 shares would have turned into 2220 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into UNITIL shares, starting with a $10,000 purchase of UTL, presented on a split-history-adjusted basis factoring in the complete UTL split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
06/21/2016 |
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| End date: |
06/17/2026 |
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| Start price/share: |
$42.02 |
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| End price/share: |
$51.23 |
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| Starting shares: |
237.98 |
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| Ending shares: |
326.30 |
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| Dividends reinvested/share: |
$15.74 |
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| Total return: |
67.16% |
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| Average Annual Total Return: |
5.28% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$16,723.85 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
06/21/2016 |
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| End date: |
06/17/2026 |
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| Start price/share: |
$42.02 |
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| End price/share: |
$51.23 |
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| Dividends collected/share: |
$15.74 |
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| Total return: |
59.38% |
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| Average Annual Total Return: |
4.77% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,931.57 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 12/14/1992 | 2 for 1
| | 04/27/1992 | 111 for 100 |
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