Here's a Stock Split That You Probably Missed Entirely
Investors are seeing some of the biggest companies in the market do stock splits. Tesla (NASDAQ: TSLA), Amazon (NASDAQ: AMZN), and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) are among the highest-profile businesses deciding to split their shares, and each of them has gotten a huge amount of attention from investors looking to take advantage of what they see as an opportunity.
Stock splits don't have any fundamental impact on a business, but investors nevertheless see them as encouraging signs of confidence from company managers. That's why it's surprising to see one recent stock split go largely unnoticed by investors. However, shareholders of Brookfield Infrastructure Partners (NYSE: BIP) and the related Brookfield Infrastructure Corporation (NYSE: BIPC) are more excited than ever about the longer-term prospects for their holdings, regardless of the fact that they now have a larger number of shares in their holdings.
Brookfield Infrastructure announced back in May that it would do a 3-for-2 split. The company's leadership said that the move would ensure that the partnership's units would remain accessible for individual investors, as well as provide enhanced liquidity. Brookfield Infrastructure Corporation, which is a separate business entity whose sole asset is a partnership interest in Brookfield Infrastructure Partners, said it would follow suit with a stock split of its own.
Source Fool.com
