Brookfield Infrastructure Partners (TSE:BIP – Get Free Report) released its earnings results on Wednesday. The company reported C($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of C$1.10 by C($1.35), reports. The business had revenue of C$7.19 billion during the quarter.
Brookfield Infrastructure Partners Price Performance
Brookfield Infrastructure Partners Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be given a dividend of $0.548 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date is Friday, November 29th.
Wall Street Analysts Forecast Growth
Separately, Cibc World Mkts upgraded shares of Brookfield Infrastructure Partners to a “strong-buy” rating in a report on Friday, August 2nd.
Brookfield Infrastructure Partners Company Profile
Brookfield Infrastructure Partners is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data infrastructure sectors across North and South America, Asia Pacific and Europe. The Company is focused on assets that have contracted and regulated revenues that generate stable and predictable cash flows.
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