Brookfield Infrastructure Co. (NASDAQ:BIPC) Announces Quarterly Dividend of $0.43

Brookfield Infrastructure Co. (NASDAQ:BIPC) announced a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Investors of record on Friday, February 28th will be paid a dividend of 0.43 per share on Monday, March 31st. This represents a $1.72 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.41.

Brookfield Infrastructure has raised its dividend payment by an average of 6.0% annually over the last three years. Brookfield Infrastructure has a dividend payout ratio of 20.0% meaning its dividend is sufficiently covered by earnings.

Brookfield Infrastructure Stock Performance

Brookfield Infrastructure stock traded down $0.29 during trading on Friday, reaching $41.73. 520,037 shares of the company’s stock were exchanged, compared to its average volume of 504,226. The company’s 50-day moving average is $40.92 and its two-hundred day moving average is $40.87. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 28.98 and a beta of 1.47. Brookfield Infrastructure has a 52-week low of $28.47 and a 52-week high of $45.29.

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.