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. Shareholders of record on Friday, November 29th will be given a dividend of 0.405 per share on Tuesday, December 31st. This represents a $1.62 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Friday, November 29th.

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

Brookfield Infrastructure Stock Down 0.9 %

NASDAQ BIPC traded down $0.37 on Thursday, hitting $42.60. The stock had a trading volume of 446,415 shares, compared to its average volume of 508,205. The company’s 50-day moving average is $41.93 and its two-hundred day moving average is $37.73. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of 29.76 and a beta of 1.45. Brookfield Infrastructure has a one year low of $28.47 and a one year 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.