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

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) announced a quarterly dividend on Monday, August 4th, Wall Street Journal reports. Stockholders of record on Friday, August 29th will be given a dividend of 0.43 per share on Monday, September 29th. This represents a c) dividend on an annualized basis 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 Stock Down 1.1%

Shares of NYSE BIPC traded down $0.45 during mid-day trading on Friday, reaching $39.27. 143,715 shares of the company were exchanged, compared to its average volume of 647,122. The company's 50-day simple moving average is $41.09 and its 200-day simple moving average is $39.24. The stock has a market capitalization of $4.68 billion, a P/E ratio of 27.27 and a beta of 1.39. Brookfield Infrastructure has a twelve month low of $32.08 and a twelve month high of $45.29.

Wall Street Analyst Weigh In

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

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.