Brookfield Infrastructure Partners L.P. Announces Quarterly Dividend of $0.41 (NYSE:BIP)

Brookfield Infrastructure Partners L.P. (NYSE:BIP - Get Free Report) TSE: BIP.UN announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Friday, November 29th will be given a dividend of 0.405 per share by the utilities provider on Tuesday, December 31st. This represents a $1.62 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend is Friday, November 29th.

Brookfield Infrastructure Partners has increased its dividend by an average of 4.8% per year over the last three years and has increased its dividend annually for the last 17 consecutive years. Brookfield Infrastructure Partners has a payout ratio of 167.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Brookfield Infrastructure Partners to earn $3.40 per share next year, which means the company should continue to be able to cover its $1.62 annual dividend with an expected future payout ratio of 47.6%.

Brookfield Infrastructure Partners Stock Performance

BIP traded down $0.46 during trading on Thursday, hitting $34.21. The company's stock had a trading volume of 437,773 shares, compared to its average volume of 293,956. The firm's 50 day moving average price is $33.90 and its two-hundred day moving average price is $31.10. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.58. Brookfield Infrastructure Partners has a 12 month low of $24.84 and a 12 month high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last released its quarterly earnings results on Wednesday, November 6th. The utilities provider reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.80 by ($0.98). Brookfield Infrastructure Partners had a net margin of 0.82% and a return on equity of 0.51%. The business had revenue of $5.27 billion during the quarter. Sell-side analysts predict that Brookfield Infrastructure Partners will post 3.15 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. TD Securities increased their price target on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday. Jefferies Financial Group lifted their target price on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Cibc World Mkts raised Brookfield Infrastructure Partners to a "strong-buy" rating in a research note on Friday, August 2nd. Finally, StockNews.com upgraded Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a report on Sunday, September 15th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $40.20.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company's Utilities segment operates approximately 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 8.1 million electricity and natural gas connections; and 0.6 million long-term contracted sub-metering services.