Split History
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Duff and Phelps Utility and Corporate Bond Trust (DUC) has 1 split in our DUC split history database. The split for DUC took place on February 04, 2014. This was a 13 for 10 split, meaning for each 10 shares of DUC owned pre-split, the shareholder now owned 13 shares. For example, a 1000 share position pre-split, became a 1300 share position following the split.
When a company such as Duff and Phelps Utility and Corporate Bond 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 DUC split history from start to finish, an original position size of 1000 shares would have turned into 1300 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Duff and Phelps Utility and Corporate Bond Trust shares, starting with a $10,000 purchase of DUC, presented on a split-history-adjusted basis factoring in the complete DUC split history.
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Growth of $10,000.00 With Dividends Reinvested |
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| Start date: | 04/28/2014 | ||
| End date: | 03/05/2021 | ||
| Start price/share: | $10.42 | ||
| End price/share: | $10.62 | ||
| Starting shares: | 959.69 | ||
| Ending shares: | 1,449.63 | ||
| Dividends reinvested/share: | $3.84 | ||
| Total return: | 53.95% | ||
| Average Annual Total Return: | 6.49% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $15,391.16 | ||
| Years: | 6.86 | ||
|
Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/28/2014 | ||
| End date: | 03/05/2021 | ||
| Start price/share: | $10.42 | ||
| End price/share: | $10.62 | ||
| Dividends collected/share: | $3.84 | ||
| Total return: | 38.77% | ||
| Average Annual Total Return: | 4.89% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $13,873.46 | ||
| Years: | 6.86 | ||
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| About Duff and Phelps Utility and Corporate Bond Trust |
| Duff & Phelps Utility & Corporate Bond Trust is a closed-end management investment company. The Fund's investment objective is to seek higher current income consistent with investing in securities of investment grade quality. According to our DUC split history records, Duff and Phelps Utility and Corporate Bond Trust has had 1 split. |
| DUC Split History Table | |
| Date | Ratio |
| 02/04/2014 | 13 for 10 |
| Financials Stock Splits |
| DUC is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
DUG Split History Also explore: DUC shares outstanding history
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