Brookfield Infrastructure Partners LP (BIP) to Issue Quarterly Dividend of $0.46 on June 30th

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) declared a quarterly dividend on Wednesday, April 29th. Investors of record on Friday, May 29th will be paid a dividend of 0.455 per share by the utilities provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, May 29th.

Brookfield Infrastructure Partners has decreased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 18 years. Brookfield Infrastructure Partners has a payout ratio of 124.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Brookfield Infrastructure Partners to earn $4.00 per share next year, which means the company should continue to be able to cover its $1.82 annual dividend with an expected future payout ratio of 45.5%.

Brookfield Infrastructure Partners Price Performance

BIP stock opened at $38.89 on Wednesday. The company has a market capitalization of $18.00 billion, a P/E ratio of 58.92 and a beta of 1.03. Brookfield Infrastructure Partners has a twelve month low of $29.63 and a twelve month high of $40.32. The business has a 50 day simple moving average of $36.81 and a 200-day simple moving average of $36.36. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.74.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.62. The business had revenue of $6.30 billion during the quarter, compared to the consensus estimate of $2.13 billion. Brookfield Infrastructure Partners had a return on equity of 2.54% and a net margin of 3.46%.During the same period in the prior year, the company earned $0.82 earnings per share. As a group, equities analysts anticipate that Brookfield Infrastructure Partners will post 3.59 EPS for the current year.

Insider Transactions at Brookfield Infrastructure Partners

In other Brookfield Infrastructure Partners news, CFO David Tyler Krant acquired 1,150 shares of the business’s stock in a transaction on Friday, May 1st. The stock was purchased at an average price of $48.10 per share, for a total transaction of $55,315.00. Following the completion of the transaction, the chief financial officer owned 2,150 shares of the company’s stock, valued at $103,415. The trade was a 115.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BIP. Acumen Wealth Advisors LLC purchased a new position in Brookfield Infrastructure Partners in the fourth quarter worth $26,000. Smartleaf Asset Management LLC increased its position in shares of Brookfield Infrastructure Partners by 225.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 975 shares of the utilities provider’s stock valued at $34,000 after buying an additional 675 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new position in shares of Brookfield Infrastructure Partners in the fourth quarter valued at $42,000. Assetmark Inc. increased its position in shares of Brookfield Infrastructure Partners by 544.1% in the fourth quarter. Assetmark Inc. now owns 1,256 shares of the utilities provider’s stock valued at $44,000 after buying an additional 1,061 shares in the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of Brookfield Infrastructure Partners in the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. (NYSE: BIP) is a publicly traded limited partnership that owns and operates a diversified portfolio of infrastructure assets across four core sectors: utilities, transport, energy and data infrastructure. Through long-lived, regulated or contracted assets, Brookfield Infrastructure provides essential services such as electricity transmission and distribution, toll road and port operations, midstream energy logistics and fiber-based data networks.

The company’s utilities division encompasses regulated electricity and gas distribution networks in North and South America, Europe and Australia, ensuring stable cash flows under current regulatory frameworks.