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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
|Average Annual Total Return:||13.11%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||11.18%|
|UNITIL is a public utility holding company. Through its subsidiaries, Co. distributes electricity and natural gas to customers in New Hampshire, Massachusetts and Maine. Co.'s natural gas operations include gas distribution utility operations, which are conducted through two of its operating utilities, Northern Utilities, Inc. (Northern Utilities) and Fitchburg Gas and Electric Light Company; and interstate gas transmission pipeline operations, in which its Granite State Gas Transmission, Inc. subsidiary provides Northern Utilities with interconnection to primary natural gas pipelines and access to domestic natural gas supplies in the south and Canadian natural gas supplies in the north. According to our UTL split history records, UNITIL has had 2 splits.|
|UTL Split History Table|
|12/14/1992||2 for 1|
|04/27/1992||111 for 100|
|Utilities Stock Splits|
|UTL is categorized under the Utilities sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: UTL shares outstanding history