Brookfield Infrastructure Co. (NYSE:BIPC) Plans Quarterly Dividend of $0.43

Key Points

• Brookfield Infrastructure Co. declared a quarterly dividend of $0.43 per share, set to be paid on September 29th to shareholders on record as of August 29th, representing a yield of 4.4%.
• The company's payout ratio is 30.7%, indicating that the dividend is well-supported by its earnings.
• Shares of Brookfield Infrastructure recently traded at $39.11 with a market cap of $4.66 billion, and the stock rating was upgraded from "hold" to "buy" by Wall Street Zen.

Brookfield Infrastructure Co. (NYSE:BIPC - Get Free Report) declared a quarterly dividend on Monday, August 4th, Wall Street Journal reports. Shareholders of record on Friday, August 29th will be given a dividend of 0.43 per share on Monday, September 29th. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, August 29th.

Brookfield Infrastructure has a payout ratio of 30.7% meaning its dividend is sufficiently covered by earnings.

Brookfield Infrastructure Trading Up 1.8%

Shares of NYSE:BIPC traded up $0.68 during mid-day trading on Monday, reaching $39.11. The company had a trading volume of 489,936 shares, compared to its average volume of 651,373. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 27.16 and a beta of 1.39. The company's 50-day moving average price is $41.08 and its 200-day moving average price is $39.24. Brookfield Infrastructure has a one year low of $32.08 and a one year high of $45.29.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Brookfield Infrastructure from a "hold" rating to a "buy" rating in a research note on Sunday, July 6th.

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.

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