Brookfield Infrastructure Co. (BIPC) To Go Ex-Dividend on February 28th

Brookfield Infrastructure Co. (NASDAQ:BIPC) announced a quarterly dividend on Thursday, January 30th, Wall Street Journal reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.43 per share on Monday, March 31st. This represents a $1.72 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Brookfield Infrastructure’s previous quarterly dividend of $0.41.

Brookfield Infrastructure has increased its dividend by an average of 6.0% annually over the last three years. Brookfield Infrastructure has a dividend payout ratio of 21.2% meaning its dividend is sufficiently covered by earnings.

Brookfield Infrastructure Stock Performance

Shares of Brookfield Infrastructure stock opened at $41.03 on Wednesday. The business has a 50-day simple moving average of $40.42 and a 200-day simple moving average of $41.38. Brookfield Infrastructure has a one year low of $28.47 and a one year high of $45.29. The company has a market cap of $4.88 billion, a PE ratio of 28.49 and a beta of 1.48.

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.