Brookfield Infrastructure (NASDAQ:BIPC) Reaches New 12-Month High After Dividend Announcement

Brookfield Infrastructure Co. (NASDAQ:BIPC) shares reached a new 52-week high during mid-day trading on Thursday following a dividend announcement from the company. The company traded as high as $44.26 and last traded at $44.02, with a volume of 94144 shares trading hands. The stock had previously closed at $42.97.

The newly announced dividend which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be paid a dividend of $0.405 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.62 annualized dividend and a yield of 3.80%. Brookfield Infrastructure’s dividend payout ratio (DPR) is 112.50%.

Brookfield Infrastructure Stock Down 0.9 %

The company has a market cap of $5.62 billion, a price-to-earnings ratio of 29.76 and a beta of 1.45. The firm’s 50 day simple moving average is $41.93 and its 200 day simple moving average is $37.73.

Institutional Trading of Brookfield Infrastructure

A number of large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC boosted its holdings in Brookfield Infrastructure by 11.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company’s stock worth $93,000 after buying an additional 288 shares in the last quarter. CWM LLC boosted its stake in shares of Brookfield Infrastructure by 10.7% during the 2nd quarter. CWM LLC now owns 3,148 shares of the company’s stock valued at $106,000 after buying an additional 305 shares during the period. Xponance Inc. boosted its stake in shares of Brookfield Infrastructure by 4.4% during the 2nd quarter. Xponance Inc. now owns 7,614 shares of the company’s stock valued at $256,000 after buying an additional 322 shares during the period. Signaturefd LLC boosted its stake in shares of Brookfield Infrastructure by 9.8% during the 3rd quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock valued at $177,000 after buying an additional 363 shares during the period. Finally, Heritage Wealth Advisors boosted its stake in shares of Brookfield Infrastructure by 43.0% during the 1st quarter. Heritage Wealth Advisors now owns 1,333 shares of the company’s stock valued at $48,000 after buying an additional 401 shares during the period. 70.38% of the stock is currently owned by institutional investors.

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.