Brookfield Infrastructure Co. (NASDAQ:BIPC) to Issue Dividend Increase – $0.43 Per Share

Brookfield Infrastructure Co. (NASDAQ:BIPC) announced a quarterly dividend on Thursday, January 30th,Wall Street Journal reports. Stockholders of record on Friday, February 28th will be given a dividend of 0.43 per share on Monday, March 31st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Friday, February 28th. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.41.

Brookfield Infrastructure has raised its dividend payment by an average of 6.0% per year over the last three years. Brookfield Infrastructure has a payout ratio of 20.0% meaning its dividend is sufficiently covered by earnings.

Brookfield Infrastructure Stock Performance

NASDAQ BIPC traded down $0.29 during trading hours on Friday, reaching $41.73. 520,037 shares of the company’s stock were exchanged, compared to its average volume of 504,447. Brookfield Infrastructure has a one year low of $28.47 and a one year high of $45.29. The company’s 50-day moving average is $40.92 and its two-hundred day moving average is $40.87. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 28.98 and a beta of 1.47.

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.