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

Brookfield Infrastructure Co. (NASDAQ:BIPC) announced a quarterly dividend on Tuesday, July 30th, Wall Street Journal reports. Investors of record on Friday, August 30th will be given a dividend of 0.405 per share on Friday, September 27th. This represents a $1.62 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Friday, August 30th.

Brookfield Infrastructure has raised its dividend by an average of 16.4% annually over the last three years. Brookfield Infrastructure has a payout ratio of 45.3% meaning its dividend is sufficiently covered by earnings.

Brookfield Infrastructure Stock Down 1.2 %

BIPC stock opened at $40.35 on Thursday. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 28.02 and a beta of 1.44. The business has a fifty day simple moving average of $36.79 and a 200-day simple moving average of $34.89. Brookfield Infrastructure has a 52 week low of $25.48 and a 52 week high of $41.58.

About Brookfield Infrastructure

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.