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

Brookfield Infrastructure Co. (NASDAQ:BIPC) declared 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 3.61%. The ex-dividend date of this dividend is Friday, November 29th.

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

Brookfield Infrastructure Price Performance

Shares of NASDAQ:BIPC opened at $44.92 on Thursday. The stock’s 50-day moving average is $42.79 and its 200 day moving average is $38.88. The company has a market cap of $5.93 billion, a PE ratio of 31.19 and a beta of 1.45. Brookfield Infrastructure has a 1 year low of $28.47 and a 1 year high of $45.29.

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.