BIP or Brookfield Infrastructure Partners is a partnership business based in Toronto, Canada. The publicly traded limited company was established in 2008 under its parent organization, Brookfield Corporation. BIP works for the acquisition and management of infrastructure assets on a global scale.
What Is BIP’s Stock Split History?
Brookfield Infrastructure Partners has 3 stock splits in its history since the year it was founded. The first stock split, in the ratio of 3-for-2, took place on September 15th, 2016. This means that for every 2 shares owned, shareholders would own 3 shares after the split. The second stock split was a 112-for-100 split, which means 100 shares owned before the split would be valued as 112 after the split. Lastly, BIP announced its third stock split in June 2022, a 3 for 3 split where every share of BIP would be valued as 3 shares after the split. The table below shows Brookfield Infrastructure Partners’ list of stock splits:
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What Was The Value Of BIP Stocks After The Split?
To see the value of stocks after the split, the increase or decrease in growth can be observed. A week before and one day before the spit, the stock prices showed 12.97% growth but also experienced a -1.9% and -2.3% decrease in growth. However, after the stocks were split, the company saw an increase in growth by 3.76% and 16.23% with only a decrease of -2.3% (by comparing prices 1 day and 7 days after the stock split).
What Was The Impact On BIP’s Trade Volume After The Stock Split?
By nature, stock splits are used as a tool to increase the trading activity of a company’s stock. If observed as per the volume of stock traded before and after the stock split, reports show that the volume of stocks traded increased by 25.26% and 64.67% after the split while there was a decrease of only 11.68% once.
FAQs
Is it recommended to buy BIP stock?
Multiple analysts have given the joint consensus that the average rating for BIP’s stock is “Buy”.
What is the BIP stock target?
Investors have analyzed that BIP has a high target estimate of 49.000 and a low target estimate of 33.00. This makes BIP’s median target estimate 44.00.
What is the yield on BIP stock?
As of June 2023, BIP’s TTM dividend payout is $1.53 making their current dividend yield 4.26%.
What does BIP invest in?
Operating in the infrastructure industry, BIP owns and operates companies in the transportation, energy, communications, and utilities infrastructure industry.
Conclusion
Investors often have the opinion that companies that split stocks are financially healthy. Similar to BIP’s case, where by appearance the company seems financially strong but careful analyses need to be made to drive a concrete finding.
