1 Upcoming Stock-Split Stock Dividend Investors Won't Want to Miss
Most stock splits don't create actual value for shareholders. While investors end up with more (or less if it's a reverse split) shares post-split, they own the same economic interest. It's like taking one big pizza slice and cutting it in two, so it looks like it's more, but it's the same slice.
However, the upcoming split of Brookfield Asset Management (NYSE: BAM) is a bit different. Brookfield will split into two publicly traded companies -- Brookfield Corporation and Brookfield Asset Management -- with the latter poised to pay an attractive and growing dividend. That makes it a stock split that dividend investors won't want to miss.
Brookfield Asset Management is a leading global alternative asset manager with over $750 billion of assets under management. The company also owns and operates a variety of businesses across the infrastructure, real estate, renewable power, and business services space. This dual focus on asset management and ownership makes Brookfield different from rival asset managers like Blackstone (NYSE: BX) and KKR (NYSE: KKR), which primarily concentrate on asset management. Brookfield believes the market isn't fully valuing its asset management business or the assets it owns.
Source Fool.com
