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On Jan. 27 of this year I wrote an article discussing the stock split of Brazilian water and sewage services utility Companhia de Saneamento Basico do Estado de Sao Paulo, also known as SABESP (SBS). After an incredible run in 2012, the stock was split 2-for-1 on Jan. 24. After the split, SBS opened at $44.31 on that day and closed at $44.62.

Since the split in January, the stock has mostly remained stable and reached a high of $49.05 in March. However, unlike the last time the stock was split, when the price went over $90.00, this time the stock was split 3-for-1 on April 30, 2013, when the price was in the low $40s. After closing at $42.06 on April 29, SBS opened at $14.03 the next day on a split-adjusted basis. Today it closed at $14.31.

The following chart shows the two-year returns:

Click to enlarge image.

(click to enlarge)

Source: Yahoo Finance.

Currently, SABESP has a market cap of $9.80 billion and a dividend yield of 2.27%.

Disclosure: No positions.

Source: Update: SABESP Splits Again