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

Brookfield Infrastructure Co. (NASDAQ:BIPC) announced a quarterly dividend on Tuesday, November 5th,Wall Street Journal reports. Investors of record on Friday, November 29th will be given a dividend of 0.405 per share on Tuesday, December 31st. This represents a $1.62 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Friday, November 29th.

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

Brookfield Infrastructure Trading Up 1.3 %

BIPC opened at $44.92 on Thursday. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 31.19 and a beta of 1.45. The stock has a fifty day simple moving average of $42.79 and a two-hundred day simple moving average of $38.88. Brookfield Infrastructure has a 12-month low of $28.47 and a 12-month high of $45.29.

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.