Brookfield Infrastructure Co. (NASDAQ:BIPC) to Issue $0.41 Quarterly Dividend

Brookfield Infrastructure Co. (NASDAQ:BIPC) declared a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.405 per share on Tuesday, December 31st. This represents a $1.62 annualized dividend and a dividend yield of 3.78%. The ex-dividend date is Friday, November 29th.

Brookfield Infrastructure has raised its dividend by an average of 16.4% annually over the last three years. Brookfield Infrastructure has a dividend payout ratio of 45.3% indicating that its dividend is sufficiently covered by earnings.

Brookfield Infrastructure Trading Down 0.3 %

Brookfield Infrastructure stock traded down $0.12 during midday trading on Thursday, reaching $42.85. 272,570 shares of the stock traded hands, compared to its average volume of 507,400. The firm has a fifty day moving average price of $41.93 and a two-hundred day moving average price of $37.73. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 29.76 and a beta of 1.45. Brookfield Infrastructure has a fifty-two week low of $28.47 and a fifty-two week high of $44.26.

Brookfield Infrastructure Company Profile

Brookfield Infrastructure Corporation, together with its subsidiaries, owns and operates regulated natural gas transmission systems in Brazil. The company also engages in the regulated gas and electricity distribution operations in the United Kingdom; and electricity transmission and distribution, as well as gas distribution in Australia.