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

Brookfield Infrastructure Co. (NASDAQ:BIPC) announced a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend is Friday, November 29th.

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

Brookfield Infrastructure Stock Down 0.3 %

Shares of BIPC traded down $0.12 during midday trading on Thursday, hitting $42.85. The company had a trading volume of 272,570 shares, compared to its average volume of 507,400. The company’s 50 day moving average price is $41.93 and its 200 day moving average price is $37.73. The stock has a market cap of $5.66 billion, a price-to-earnings ratio of 29.76 and a beta of 1.45. Brookfield Infrastructure has a 52 week low of $28.47 and a 52 week high of $44.26.

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.