Brookfield Infrastructure Co. (NASDAQ:BIPC) Declares Quarterly Dividend of $0.41

Brookfield Infrastructure Co. (NASDAQ:BIPC) declared a quarterly dividend on Friday, May 3rd, Wall Street Journal reports. Investors of record on Friday, May 31st will be given a dividend of 0.405 per share on Friday, June 28th. This represents a $1.62 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date is Friday, May 31st.

Brookfield Infrastructure has raised its dividend by an average of 16.4% annually over the last three years and has increased its dividend every year for the last 4 years. Brookfield Infrastructure has a dividend payout ratio of 44.6% indicating that its dividend is sufficiently covered by earnings.

Brookfield Infrastructure Trading Up 2.5 %

Shares of BIPC stock opened at $33.36 on Friday. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 23.17 and a beta of 1.38. Brookfield Infrastructure has a 1-year low of $25.48 and a 1-year high of $48.23. The stock’s fifty day simple moving average is $33.03 and its 200-day simple moving average is $33.22.

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.