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

Brookfield Infrastructure Co. (NASDAQ:BIPC) announced a quarterly dividend on Tuesday, November 5th,Wall Street Journal reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.405 per share on Tuesday, December 31st. This represents a $1.62 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Friday, November 29th.

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

Brookfield Infrastructure Stock Down 0.9 %

BIPC traded down $0.37 during trading on Thursday, reaching $42.60. 446,415 shares of the company’s stock were exchanged, compared to its average volume of 508,205. The company has a market capitalization of $5.62 billion, a P/E ratio of 29.76 and a beta of 1.45. The business has a 50 day moving average price of $41.93 and a 200 day moving average price of $37.73. Brookfield Infrastructure has a fifty-two week low of $28.47 and a fifty-two week high of $44.26.

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.