Q: Prior to the December 2022 distribution of the new BAM, I believe that the old BAM (now BN) was trading with a dividend yield above 1%...perhaps around 1.25% or even 1.5% (?) As of this moment, the "new" BN trades at a 0.91% yield.
I usually use historical yield as a guide for my stock purchases. Am I able to make a direct yield comparison of today's BN vs. the former, or was the dividend affected in any way because of the distribution 6 months ago? If so, by approximately how much ??
I usually use historical yield as a guide for my stock purchases. Am I able to make a direct yield comparison of today's BN vs. the former, or was the dividend affected in any way because of the distribution 6 months ago? If so, by approximately how much ??
5i Research Answer:
With the split, BAM declared a 7c dividend and BAM 32c. COMBINED, this was a 7% dividend increase from the prior rate on BAM.A pre-split. With the split though BAM became the 'income' stock and BN the 'growth' stock. Thus we would not compare BN to pre-split BAM.A in terms of yield.