Brookfield Infrastructure Partners LP Plans Quarterly Dividend of $0.43 (NYSE:BIP)

Key Points

• Brookfield Infrastructure Partners LP has declared a quarterly dividend of $0.43 per share, with an annual yield of 5.5% for investors of record on August 29th, payable on September 29th.
• The company reported earnings per share (EPS) of $0.81 for the last quarter, missing analysts' estimates by $0.01, while achieving a revenue of $5.43 billion.
• Brookfield has a current payout ratio of 117.8%, suggesting it is relying on its balance sheet to cover dividends, despite forecasts indicating a healthier ratio of 45.3% for the following year.

Brookfield Infrastructure Partners LP (NYSE:BIP - Get Free Report) TSE: BIP.UN declared a quarterly dividend on Friday, August 1st, Wall Street Journal reports. Investors of record on Friday, August 29th will be paid a dividend of 0.43 per share by the utilities provider on Monday, September 29th. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date is Friday, August 29th.

Brookfield Infrastructure Partners has a payout ratio of 117.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Brookfield Infrastructure Partners to earn $3.80 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 45.3%.

Brookfield Infrastructure Partners Stock Performance

BIP traded down $0.08 during trading hours on Friday, hitting $31.12. 803,801 shares of the stock were exchanged, compared to its average volume of 513,877. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.77 and a quick ratio of 0.73. The stock has a market cap of $14.45 billion, a price-to-earnings ratio of -1,555.22 and a beta of 1.08. Brookfield Infrastructure Partners has a 12 month low of $25.72 and a 12 month high of $36.50. The stock has a 50-day simple moving average of $32.90 and a 200-day simple moving average of $31.47.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last posted its earnings results on Thursday, July 31st. The utilities provider reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $1.95 billion. Brookfield Infrastructure Partners had a net margin of 1.41% and a return on equity of 1.04%. The business's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.77 earnings per share. Analysts anticipate that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current year.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company's Utilities segment operates approximately 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 8.1 million electricity and natural gas connections; and 0.6 million long-term contracted sub-metering services.

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