Raymond James Brokers Raise Earnings Estimates for Brookfield Infrastructure Partners LP (TSE:BIP)

Brookfield Infrastructure Partners LP (TSE:BIP) – Analysts at Raymond James boosted their Q3 2024 earnings per share (EPS) estimates for Brookfield Infrastructure Partners in a note issued to investors on Wednesday, May 1st. Raymond James analyst F. Bastien now expects that the company will post earnings per share of $1.15 for the quarter, up from their prior forecast of $1.11. Raymond James also issued estimates for Brookfield Infrastructure Partners’ Q4 2024 earnings at $1.19 EPS.

Brookfield Infrastructure Partners (TSE:BIP) last released its quarterly earnings results on Thursday, February 1st. The company reported C($0.27) EPS for the quarter, missing the consensus estimate of C$1.09 by C($1.36). The company had revenue of C$6.77 billion during the quarter.

Brookfield Infrastructure Partners Stock Performance

Brookfield Infrastructure Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.548 per share. This represents a $2.19 annualized dividend and a dividend yield of ∞. The ex-dividend date is Friday, May 31st. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.53.

About Brookfield Infrastructure Partners

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.