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

Brookfield Infrastructure Co. (NASDAQ:BIPC) announced a quarterly dividend on Tuesday, November 5th,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 3.80%. The ex-dividend date 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 payout ratio of 45.3% indicating that its dividend is sufficiently covered by earnings.

Brookfield Infrastructure Stock Performance

Shares of BIPC stock traded down $0.37 during trading hours on Thursday, hitting $42.60. 446,415 shares of the company were exchanged, compared to its average volume of 508,205. The stock has a market capitalization 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. The business’s 50-day simple moving average is $41.93 and its two-hundred day simple moving average is $37.73.

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.