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

Brookfield Infrastructure Co. (NASDAQ:BIPC - Get Free Report) declared a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Shareholders 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 annualized dividend 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% per year over the last three years. Brookfield Infrastructure has a payout ratio of 20.0% indicating that its dividend is sufficiently covered by earnings.

Brookfield Infrastructure Price Performance

BIPC traded down $0.29 during trading on Friday, hitting $41.73. The company's stock had a trading volume of 520,037 shares, compared to its average volume of 504,226. Brookfield Infrastructure has a twelve month low of $28.47 and a twelve month high of $45.29. The firm's 50 day moving average price is $40.92 and its 200-day moving average price is $40.87. The stock has a market cap of $4.97 billion, a PE ratio of 28.98 and a beta of 1.47.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.