Brookfield Infrastructure Partners (TSE:BIP) Upgraded to Strong-Buy by Cibc World Mkts

Cibc World Mkts upgraded shares of Brookfield Infrastructure Partners (TSE:BIP) to a strong-buy rating in a report published on Friday morning, Zacks.com reports.

Brookfield Infrastructure Partners Price Performance

Brookfield Infrastructure Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.554 per share. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.55. This represents a $2.22 annualized dividend and a yield of ∞. The ex-dividend date is Friday, August 30th.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data infrastructure sectors across North and South America, Asia Pacific and Europe. The Company is focused on assets that have contracted and regulated revenues that generate stable and predictable cash flows.