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

Brookfield Infrastructure Co. (NASDAQ:BIPC) declared a quarterly dividend on Tuesday, November 5th,Wall Street Journal reports. Investors of record on Friday, November 29th will be paid a dividend of 0.405 per share on Tuesday, December 31st. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Friday, November 29th.

Brookfield Infrastructure has increased its dividend by an average of 16.4% annually 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 Down 1.1 %

NASDAQ BIPC opened at $44.35 on Wednesday. The company has a market cap of $5.86 billion, a PE ratio of 30.80 and a beta of 1.45. Brookfield Infrastructure has a 52 week low of $28.47 and a 52 week high of $45.04. The firm’s 50-day simple moving average is $42.72 and its two-hundred day simple moving average is $38.84.

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.