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

Brookfield Infrastructure Co. (NASDAQ:BIPC) declared a quarterly dividend on Tuesday, July 30th, Wall Street Journal reports. Investors of record on Friday, August 30th will be paid a dividend of 0.405 per share on Friday, September 27th. This represents a $1.62 annualized dividend and a yield of 3.98%. The ex-dividend date is Friday, August 30th.

Brookfield Infrastructure has raised its dividend by an average of 16.4% annually over the last three years. Brookfield Infrastructure has a dividend payout ratio of 45.3% indicating that its dividend is sufficiently covered by earnings.

Brookfield Infrastructure Stock Down 0.3 %

NASDAQ:BIPC traded down $0.14 during trading hours on Wednesday, hitting $40.72. 45,535 shares of the company traded hands, compared to its average volume of 538,738. Brookfield Infrastructure has a one year low of $25.48 and a one year high of $41.58. The company has a market cap of $5.37 billion, a PE ratio of 28.28 and a beta of 1.44. The firm’s 50-day simple moving average is $36.64 and its 200-day simple moving average is $34.86.

Brookfield Infrastructure Company Profile

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.