Split History
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First Trust New Opportunities MLP & Energy Fund CO (FPL) has 2 splits in our FPL split history database. The first split for FPL took place on January 31, 1985. This was a 2 for 1 split, meaning for each share of FPL 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. FPL's second split took place on March 16, 2005. This was a 2 for 1 split, meaning for each share of FPL owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as First Trust New Opportunities MLP & Energy Fund CO 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 FPL split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into First Trust New Opportunities MLP & Energy Fund CO shares, starting with a $10,000 purchase of FPL, presented on a split-history-adjusted basis factoring in the complete FPL split history.
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Growth of $10,000.00 With Dividends Reinvested |
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| Start date: | 03/28/2014 | ||
| End date: | 11/29/2023 | ||
| Start price/share: | $20.00 | ||
| End price/share: | $6.95 | ||
| Starting shares: | 500.00 | ||
| Ending shares: | 1,200.67 | ||
| Dividends reinvested/share: | $8.42 | ||
| Total return: | -16.55% | ||
| Average Annual Total Return: | -1.85% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $8,346.47 | ||
| Years: | 9.68 | ||
|
Growth of $10,000.00 Without Dividends Reinvested |
|||
| Start date: | 03/28/2014 | ||
| End date: | 11/29/2023 | ||
| Start price/share: | $20.00 | ||
| End price/share: | $6.95 | ||
| Dividends collected/share: | $8.42 | ||
| Total return: | -23.13% | ||
| Average Annual Total Return: | -2.68% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $7,687.81 | ||
| Years: | 9.68 | ||
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| About First Trust New Opportunities MLP & Energy Fund CO |
| First Trust New Opportunities MLP and Energy Fund is registered as a non-diversified, closed-end management investment company. The Fund's investment objective is to seek a high level of total return with an emphasis on current distributions paid to common shareholders. The Fund seeks to provide its common shareholders with a vehicle to invest in a portfolio of cash-generating securities, with a focus on investing in publicly-traded master limited partnerships (MLPs), MLP-related entities and other companies in the energy sector and energy utility industries that are weighted towards non-cyclical, fee-for-service revenues. According to our FPL split history records, First Trust New Opportunities MLP & Energy Fund CO has had 2 splits. |
| FPL Split History Table | |
| Date | Ratio |
| 01/31/1985 | 2 for 1 |
| 03/16/2005 | 2 for 1 |
| Financials Stock Splits |
| FPL is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
FRAF Split History
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